Safekeeping is where an asset owner appoints to place that asset in the care of an Agent (in custody with a trustee), usually a Bank or a Financial Institution and receives an acknowledgement from the caretaker / trustee as to their “Safekeeping” of that asset. The asset owner may appoint to have such an acknowledgement sent to a third party. A fee may be required for these services.

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 or as a Proof of Funds (POF).