YOU WITH YOUR FINANCIAL BUSINESS

NOW YOU CAN DEPOSIT YOUR ASSETS AND ORDER AN SKR (SAFE KEEPING RECEIPT) WITH FULL BANK RESPONSIBILITY, WITHOUT PRE-PAYING THE BANKING FEES IN ADVANCE!!

You can pay the full cost (minus custody account opening fees or any insurance cost if required) 6 (six) months after the issuing date of the SKRI!!

Ask us to know more about the full conditions.

What is a Bank Endorsed Safe Keeping Receipt (SKR)?

An SKR is a type of bank instrument used as an alternative financing tool. These instruments can be issued by banks, storage facilities, or other alternative financing institutions.

Types of Monetizable SKR:

– Fur

– Collectible Art

– Gold

– Above Ground Assets

– Property

– Antiques

– Valuable Documents

– Precious Gems

– Bonds

https://www.reliancecapitalfinancelimited.com/custodial-bank-safe-keeping-receipt-cskrskr

Those who issue an SKR do not own the asset, so it must be returned if requested. However, those who own valuable items can use an SKR as collateral. This collateral-based banking instrument offers alternative financing to those who need it most. SKRs are similar to LC, Bonds, SBLCs, and BGs, with SWIFT MT542 typically used for the transfer service.

To monetize an SKR means using this banking tool as cash in a transaction. The terms and conditions vary depending on the financial institution. The standard monetization period is usually for one year and one day, and it is essential to ensure the title is clear before proceeding.

SKRs are considered one of the safest banking instruments because they allow you to retain control of your assets without moving them. However, any fees incurred should be paid from the proceeds, rather than upfront. To protect your asset, make sure you fully understand the contract before initiating a SWIFT transaction.

We Protect Our Client Deposits Fully Through 3 Levels of Protection

You never have to worry about your security with our three levels of protection:

1. A Two Percent (2%) Non-Performance Penalty

    – Two Percent (2%) damage fee will apply to a Party that fails to perform. The 2% shall apply in both cases, either when the Provider has sent a Corporate Invoice which the Beneficiary’s Bank will not respond or pay, and/or when the Beneficiary’s Bank is ready, willing, and able to receive the SKR and no BANK INSTRUMENTS is delivered from the Providers Bank by SWIFT MT-542.

2. A Program to Refund Deposits (all our agreements are Bank Endorsed (confirmable) with full bank responsibility as an insurance wrap)

    – Under our agreement with banks, the bank assumes responsibility for payment once the transaction is complete.

    – When a bank endorses an agreement, it assumes responsibility before the client makes any payments to our company. We are the only Bank Instrument Facilitators in the world who guarantee 100% of your initial deposit through bank endorsement, ensuring no payment is made by the client until this guarantee is in place.

3. Attorneys Client Trust Account

    – Once your agreement is approved by the compliance department and bank-endorsed, payment must be made ONLY AND EXCLUSIVELY to an attorney’s office client trust account. The banking details will be provided directly by a Reliance Capital Finance Limited compliance officer (CCC) and will be included in your invoice.

This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.

12 Advantages of Purchasing a Safe Keeping Receipt (SKR) from Us!

1. We Utilize this Program with Small Banks (Non-Rated Offshore Banks).

2. We offer arrangements in USD as well as EUROs.

3. We offer a low rate of 2% for SKR banking fees.

4. It takes 6 months to finish banking fees for full payment after issuance.

5. We promise that after an agreement is completed, we will sign it within 72 hours.

6. We protect your initial deposit 100 percent.

7. SKR can be SWIFT MT-542 to any bank in the world with no extra fee.

8. No Corporate or Personal Credit Checks

9. No Documentation is Necessary for your Project.

10. Brokers can earn a commission of up to €75.5,000 for the custody account opening services.

11. SKR is specifically designed for each client.

12. Non-performance clause of 2% in all contracts.

Bank Endorsed SKR Deposit Requirements for Custody Bank Account Opening:

Bank Instrument Payment Terms

Instrument Face Value	Initial Payment Required	Bank Instrument	Terms
$/€ 100,000+	€25,000 – Non-Refundable Bank Account Opening Fee	SAFEKEEPING RECEIPT (SKR) WITH FULL BANK RESPONSIBILITY	2% Per Year Payable in 6 Months

Prices in EUROS or USD

Note: Deposits must be paid immediately after all parties and bank endorsements sign the agreement. This Custody Bank Account Opening fee is non-refundable and cannot be deducted from the 2% SKR cost, which is payable 6 months after the issuance of the SKR.

Bank Endorsed Safe Keeping Receipt (SKR) Closing Process:

1. The Provider and Beneficiary execute, sign, and initiate this Letter of Intent / Memorandum of Understanding, which will automatically convert into a binding commercial recourse contract agreement.

2. One banking day after the Provider’s Bank endorses this agreement, it guarantees the Beneficiary’s payment for the:

– Due-Diligence

– Hard Copy of the SKR

– Bank account opening

– Beneficiary Verification

– Bank Delivery Coordinates Compliance Assessment

3. Within two (2) international banking days, the Beneficiary instructs their bank to wire transfer the swift transmission bank account opening fee of $/€ 25,000 (Twenty-Five Thousand EURO/USD) to the Provider’s designated receiving bank coordinates, and emails a copy of the wire transfer receipt to the Provider.

4. Within ten (10) banking days, the Provider’s issuing bank, after authenticating the block of assets under the Provider’s bank name or receiving the physical assets at the bank address specified in this agreement, will issue and send the SKR with full bank responsibility as outlined in EXHIBIT C. (The Provider will email a copy of the SKR to the Beneficiary).

5. The Beneficiary verifies and pays the SKR cost within six (6) months after receiving the hard copy of the SKR.

6. If payment has not been made or the bank payment undertaking has not been received after the specified period, the Provider will proceed with the cancellation of the bank instrument, and any payments made by the Beneficiary will be considered non-refundable.

7. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.

Required Documents:

1. Fill out the SKR Application Below  

2. When you’ve finished the SKR Application, you need to proceed with email it to: info@reliancecapitalfinancelimited.com  

Compliance Standard:

– Accepted Standard: Clients must abide by our standards and accurately fill out the application online.

– Rejected Standard:  

  – Any provider that is listed on the Forbidden Assets and Financial Instrument List.  

  – Any situation where a client cannot or will not pay the deposit.

Important Information:

1. With our banking instrument delivery service, all terms are non-negotiable. We will not modify the price of any component of this service.

2. There is no way to obtain a FREE SKR or allow a client to pay the initial deposit after the SKR has been delivered. If payment is not made, no SKR will be issued. Banks will not release any bank instruments until the funds are secured.

3. The Reliance Capital Finance Limited companies do NOT accept any payments from clients outside of the attorney’s client trust account. Therefore, they are NOT RESPONSIBLE for any payments made to third parties, including Reliance Capital Finance Limited brokers or delegation offices.

4. We do not issue RWA or BCL letters. Clients typically use these letters to shop around for a credit line with the receiving institution by obtaining a banking letter confirming that a bank instrument is ready to be issued in their name. We will not allow this practice under our company name.