Safe keeping reciept (skr)

Discussion in 'Investors Grievances' started by VJAY, Nov 30, 2010.

  1. VJAY

    VJAY Well-Known Member

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    Hi friends,
    I want to know about SKR(safe keeping reciept) ....how can we use it and what are the precaution to use SRK...I googled for info but not get any clear information about SKR...If any one know about it please share information for SKR.....
     
  2. vijayvaliya

    vijayvaliya Active Member

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    Is it in relation to banking?
     
  3. VJAY

    VJAY Well-Known Member

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    yes it is vijayvaliya...using skr of a person trades are done international level...i don't know anymore info about it...thats why asking here for learning purpose....
     
  4. vijayvaliya

    vijayvaliya Active Member

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    From my understanding, it is a financial instrument similar to ADR/IDR. Safe keeping receipts/safe custody receipts are generally issued by the banks against the custody of such assets. In this case, ownership (title) of the asset remain with owner, but possession is with the banker. such receipts can be moentised, giving them the scope in trading.


    I know this is incomplete, if you i get anything more, i will update you again
     
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  5. rajeabc

    rajeabc Well-Known Member

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    Its kind of guarantee. Say you have a fixed deposit of 1 lakh but you need money now. You approach your bank .. who issue a guarantee which you can use.

    Or in more general term... say you are two brothers and your brother wants some money from you. But you don't trust your brother and can't risk you money. But you agreed that if your father give a guarantee to pay you if your brother default.

    so that guarantee in black and white called SKR.
     
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  6. vijayvaliya

    vijayvaliya Active Member

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    Is this kind of guarantee is tradeable?
     

  7. rajeabc

    rajeabc Well-Known Member

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