Monetize Your Safe Keeping Receipt (SKR):
SOMA will help to arrange the private monetization of Bank Guarantees, Corporate
Notes, Precious Metals, Gems, Oil Products and other Commodities that you
directly own. Virtually any above the ground assets with a current SKR (Safe
Keeping Receipt) can be monetized.
If you have verified Precious Metals, Gems and other Commodities that are held
in a depository, financial institution or safekeeping facility we will help to
privately monetize them without you losing the commodity and without ever moving
that asset or giving up control.
Successful monetization will depend on a number of factors including: the clear
title of the commodity and a verifiable Safekeeping Receipt from an acceptable
financial institution of Safekeeping Warehouse. Monetization is the process of
converting something into legal tender (cash funds).
We can either monetize the instrument to 40%-60% LTV.
An SKR is a financial instrument that can be used for many purposes by providing
security over assets, with the consent of the issuer or his bank or safekeeping
facility. An SKR involves the storage of assets or other items of value in a
protected, secured area. The SKR issuer is the custodian of the asset and is
therefore legally responsible for the items in safekeeping.
Individuals who place financial assets, valuables, or documents in safekeeping
are issued a safekeeping receipt. These receipts indicate that the asset does
not become an asset of the institution and that the asset may be returned to the
individual upon request. A fee may be required for these services.
Should you require any of the above documentation please feel free to