WHAT IS AN S.K.R. (SAFEKEEPING RECEIPT)
What Is A Safekeeping Receipt Safekeeping is where an asset owner elects to place that asset in the care of an Agent (in custody with a fiduciary), usually a Bank or a Financial Institution and receives an acknowledgement from the caretaker / fiduciary as to their “Safekeeping” of that asset.
The asset owner may elect to have such an acknowledgement sent to a third party.
A fee may be required for these services. The various assets that can be held in such arrangements range from: Shares, Bonds, Real Estate, Titles to properties, Precious Metals, Oil and Natural Reserves, among others. The owner of a SKR may monetize this instrument much like a SBLC, Bond or BG and use these funds as an alternative funding source for projects.
Some SKR’s are issued with an ISIN/SEDOL code and can be verified in the London Stock Exchange – SEDOL screen as well as having the capability of SWIFT Transfers.
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[pilotjim] good morning everyone, it makes sense that the people with the SKR's and rates that are less than the contract rate perform their exchange before us. It is my understanding that if they release the contract rate than those with SKR's or those with a lower rate to exchange with with then automatically receive the contract rate. It's not that there are a lot of these people it's that they need to be located and process. When that is complete I believe we will see the contract rate and the revaluation, and the global reset occur.
[normanross] fisherman1 wrote 16s ago We are literally minutes or a few hours away from my text messages Please be Ready all day today, it makes sense to receive this when normal work days are not in play. IM All in. Per my intel ,which is all I Have, TONY will be Bringing US. To a WEALTHY lifestyle. ASAP
[wantingfreedom] 12/7 10:25a est - Roxy Asked - I know we are next but are they finished cashing out the elite? That would be the big question. JCR wrote 12/7 10:29a est ROXY-NO LONGER THE ISSUE
JCR wrote 7:24 AM PT GUYS YOU ARE MILLIONAIRES BUT JUST DON'T KNOW IT.....READ MY LIPS...WE ARE NEXT! PLAIN ENOUGH...WE ARE NEXT
[wantingfreedom] Wethrin 11:10am et - lol you guys are clever and relentless! We will not give you the windows we are hearing, or the rates we are hearing, period. Just know you are right up to the finish line! A little wait is all that is between you and an amazing new life
[rich17] loechin So nobody can get an update on whether elite are done?
;oechin] There is no news we wait
loechin : Thanks, gotta leave already. Looking at new furniture for the new house that we haven't bought yet! lol lol
RayT] MAYBE SOMEONE CAN HELP ME WITH THIS QUESTION: If the banks are saying that they will be able exchange our IQN (roughly 5 million investors) in 5 to 7 days, why is it that they are unable to exchange the IQN of a few "special" people (roughly 2,000 investors) in 3 days?
swampy jack] RayT The answer to that question could be found in the call yesterday... they are spending all the time they need to effect and start their new accounts with the personal bankers and not like the 20 minutes aloted to us..
[airam] Ray T i think it was said in the cc they were just using 1 or 2 banks
[asn] The reason there people going ahead of us are taking so much tiome as stated before they are allowed to take there time but there also being allowed to set up trust and any other accounts we will not be able to do during our 20 minutes. Thats okay because we just want to CE and then work on our trust, etc,,,
slickops] RayT just as they are treated special in going ahead of all...they are doing the full private Banker account setup and moving of money we will not be allowed to do in our 20 mins. Many take far more time than any of us will be allowed.
20 Secrets Your Bank Teller Won’t Tell You
We talked to bank tellers, branch managers, and other banking officials to find out more about the place where you keep your money.
By Neena Samuel
1. It takes us three days to post checks to your account.Just because you deposited a check today doesn’t mean you can start living it up tomorrow. (And why should we hurry? If you bounce a check, we collect around $30.)
2. Make sure you have the right loss and theft protection. If you’re using your ATM card for debit transactions, ask your bank what kind of protection it offers if the card is stolen or lost. Thousands of dollars could be pulled from your checking account and, in many cases, you wouldn’t be nearly as protected as you would be with a stolen credit card.
3. Beware of the universal default clause. Before you sign up for a bank-issued credit card, ask if it has a “universal default clause”—also known as “the ultimate poison clause in credit cards.” If it does, run for the nearest exit. It allows the bank to look through all your credit accounts, and if it sees that you’re late paying a bill on another card, it gets to jack up the interest rate on its card.
4. Online banking......is pretty safe, but it could be better, according to researchers at the University of Michigan. They studied 214 financial-institution websites and found design flaws in 76 percent of them, including banks redirecting users to less-secure sites.
5. Not everyone is allowed to do a teller’s job. Yes, we know the line is long and only one teller window is open, but no, the guy in the cubicle can’t come over to help out.
6. Call or visit in person to resolve a problem. Filling out online forms will usually get you the by-the-book reply, but a rep will often forgive a fee over the phone so we can all just get on with our lives.
7. We know you hate itemized penalties. A consumer’s brain registers an immediate “Ouch!” whenever he’s hit with an itemized penalty, such as a bounced-check fee, so most people keep a much higher balance in their checking accounts than necessary, says personal-finance writer Jason Zweig. “Banks make a ton of money off this mental quirk since they would have to pay interest on the money if we left it in our savings accounts, where it belongs.”
8. A bank has the right to pay itself back. Any fees or overdraft loans that you owe can be deducted from your next deposit.
9. You probably don’t need to pay fees. You can get practically any fee waived if you ask, especially if you’re a longtime customer.
10. Our tellers routinely press you into opening new accounts.Their jobs depend on it. Banks hire “mystery” customers who secretly test whether a teller is cross-selling services.
11. If the check bounces, you’re liable. Postdating a check rarely works. With stacks of deposits to process, we look at account names, not dates.
12. Don’t blame us.It’s not our fault you can’t control your spending. “The bank didn’t make you swipe your card or write a check that you didn’t have money for,” says one teller in Akron, Ohio.
13. Small business loans are hard to get.Unless you’re Wolfgang Puck, our loan officers have pretty much decided before you walk in that you’re not getting a loan for your dream bistro. But they’ll let you apply for one anyway. We’re not crazy about lending to nonprofits and houses of worship either. We don’t want the bad publicity when we go after them.
14. Please don’t haul in plastic bags of loose change. We really don’t have the time or manpower to count it. Ask for free wrappers and bring in rolled coins next time.
15. Keep receipts for every ATM transaction. And please don’t feed cash directly into the machine without first putting it into an envelope—unless you know you’re at one of the ATMs that
accepts loose bills. (Yes, people actually do this.) Note: Several ATM’s only take loose cash now.
16. Banks don’t always promote their highest interest rate accounts. Why tell you about those when you’re already willing to sign up for an account that pays less?
17. Read the fine print. Ask us to explain the terms, and get the details in writing before you sign anything.
18. Beware of overdraft fees. Many banks will permit you to withdraw more money than you have on deposit at the ATM, but they’ll charge you about $34 for the privilege.
19. A small thought about business loans: You have to admit that applying for a business loan and calling yourself a “financial consultant” sounds a little shady.
20. Free toasters are a thing of the past. Sorry, we can’t afford to give them anymore to new customers. Business is brutal.