SKR - SAFE KEEPING RECEIPT
ERGO issues the SKR: a custody document that evidences the safekeeping of the assets it describes. It is not a promise to pay and not a monetization instrument.
Definition and Fundamental Concept
A Safe Keeping Receipt (SKR) is a custody document issued by ERGO confirming the deposit and safekeeping of valuable assets on behalf of the owner.
The SKR describes the assets held, their quantity and declared value. Anyone who receives an ERGO SKR confirms its authenticity directly with ERGO, through the official channels on this site.
Technical and Legal Characteristics
What an SKR is, and what it is not
Issued by ERGO
ERGO issues the SKR and is responsible for the custody record of the assets it describes, on behalf of the owner.
Direct Verification with ERGO
Every ERGO SKR can be confirmed directly with ERGO, through the official channels on this site, not through contacts printed on the document.
Not a Payment Promise
An SKR contains no promise to pay and does not turn into money on its own. Third-party offers to "monetize" an SKR are a known sign of fraud.
Trade Logistics
Documents that goods are stored at a depository or bonded facility while a cross-border transaction is arranged.
Eligible Asset Types
Various assets can be held in custody. The ERGO SKR records which assets are held, in what quantity and at what declared value.
Legitimate Uses for Companies
Where the SKR issued by ERGO is useful, always verifiable directly with ERGO
Proof of Custody
Shows auditors and counterparties that the assets a company reports are held in custody
Audit and Collateral Checks
Supports audits and the check that pledged assets exist; any credit decision still rests on ownership, valuation and the borrower’s own credit
Existence Verification
Confirmation, with ERGO, that the assets described in the SKR exist and are held in custody
Need an SKR?
Request a quote for an ERGO SKR: a custody document for your assets, verifiable directly with ERGO. It is not a promise to pay and not a monetization instrument; third-party offers to monetize an SKR are a sign of fraud.