Certificate of Deposit against High-value product

[Csaba Halasz]

Dear group Members,

I have a question to professionals. I have a high-value product and I
want to deposit in a bank ( e.g.: NatWest, Barclays, etc ) and I want
to get a Certificate of Deposit against that. I know, I can deposit
the value of my product onto a bank account, after the valuation. Also
the Safekeeping account is important, because the Safe Keeping Receipt
( SKR ) is prepared already, by a Security House, but not by a bank.
So I would like to know, if I want a CD against a high value product,
what should I do?
What is procedure?
Is it possible to get a bank confirmation of the recent SKR?
Do I need to transport my product into the bank?

Anyone, who can manage this to me, will be compensed.

I am waiting for your answer.

Csaba

skype: halaszcsabi73

 

[Ronald Raygun]

I have a question to professionals. I have a high-value product and I
want to deposit in a bank ( e.g.: NatWest, Barclays, etc ) and I want
to get a Certificate of Deposit against that.

I don't understand what you are trying to do. "Certificate of Deposit"
is not a term which is used in the UK, but I know it is common in the US.
AIUI a CD is what in the UK would be called a Deposit Receipt, which is
for many purposes indistinguishable from a deposit account savings book,
i.e. it is evidence that you have a certain sum of money deposited with
the bank in question.

By "high-value product" I presume you mean an item of value, such as a
diamond tiara, a vial of Elvis Presley's sperm, a fragment from the
Turin shroud, or a fake copy of the Mona Lisa which is so good that it's
better than the original. Now I'm sure you can arrange to deposit such
an item in a bank vault for safe keeping, and get a receipt for it,
but I'm not sure that is what you want.

I know, I can deposit
the value of my product onto a bank account, after the valuation.

You do? You can? AIUI you can only deposit *money* in a bank account,
not items of value, so the only way you could deposit the value of the
item into a bank account would be either to sell it or to borrow against
it, and then to deposit the moeny raised.

Also
the Safekeeping account is important, because the Safe Keeping Receipt
( SKR ) is prepared already, by a Security House, but not by a bank.
So I would like to know, if I want a CD against a high value product,
what should I do? What is procedure?

What is the purpose? Do you want to borrow money against the item?

Is it possible to get a bank confirmation of the recent SKR?
Do I need to transport my product into the bank?

I think before any of your questions can be answered, they need to make
sense, i.e. we need to understand what you mean by them. For that, I think
it will be necessary for you to tell us what you are actually trying to
achieve.

 

[Csaba Halasz]

I don't understand what you are trying to do.  "Certificate of Deposit"
is not a term which is used in the UK, but I know it is common in the US.
AIUI a CD is what in the UK would be called a Deposit Receipt, which is
for many purposes indistinguishable from a deposit account savings book,
i.e. it is evidence that you have a certain sum of money deposited with
the bank in question.

By "high-value product" I presume you mean an item of value, such as a
diamond tiara, a vial of Elvis Presley's sperm, a fragment from the
Turin shroud, or a fake copy of the Mona Lisa which is so good that it's
better than the original.  Now I'm sure you can arrange to deposit such
an item in a bank vault for safe keeping, and get a receipt for it,
but I'm not sure that is what you want.


You do?  You can?  AIUI you can only deposit *money* in a bank account,
not items of value, so the only way you could deposit the value of the
item into a bank account would be either to sell it or to borrow against
it, and then to deposit the moeny raised.


What is the purpose?  Do you want to borrow money against the item?


I think before any of your questions can be answered, they need to make
sense, i.e. we need to understand what you mean by them.  For that, I think
it will be necessary for you to tell us what you are actually trying to
achieve.

First: I want money and deposit it onto a bank account. Than invest
that money into a deal. Nickel - wire is a special product and very
difficult to get credit line against it, but some of the guys around
me could succeed. They won't tell me how. So I have to walk on my own
way. But it's 100 % sure, that it's workable.
Secondly: the Nickel - wire ( sign: NP2, 0,025 mm diameter ) can have
a Safe Keeping Receipt with it's valuation with Q and Q report. I
don't kow how can a Safe Keeping Receipt can be verified and confirmed
by a bank to be called a security.
Both of these things are OK to me. I prefer the workable one.
Summarize: Not the product important to me, but the value of that,
like a proof of fund.

 

[Ronald Raygun]

First: I want money and deposit it onto a bank account. Than invest
that money into a deal. Nickel - wire is a special product and very
difficult to get credit line against it, but some of the guys around
me could succeed. They won't tell me how. So I have to walk on my own
way. But it's 100 % sure, that it's workable.
Secondly: the Nickel - wire ( sign: NP2, 0,025 mm diameter ) can have
a Safe Keeping Receipt with it's valuation with Q and Q report. I
don't kow how can a Safe Keeping Receipt can be verified and confirmed
by a bank to be called a security.
Both of these things are OK to me. I prefer the workable one.
Summarize: Not the product important to me, but the value of that,
like a proof of fund.

Is the deal into which you want to invest money related in any way to
a project in which nickel wire could be useful? If so, then perhaps
you could "invest" the wire directly. If not, I really don't see any
realistic alternative to selling the wire.

 

[Csaba Halasz]

Is the deal into which you want to invest money related in any way to
a project in which nickel wire could be useful?  If so, then perhaps
you could "invest" the wire directly.  If not, I really don't see any
realistic alternative to selling the wire.

I don't want to sell the wire. In the future, maybe. But the recent
purpose was an investment. Because I did know how valuable this
product. I can use the value of the wire for other investments. This
is what I want. To get some cash against the wire and deposit that. Is
there a chance to get cash against this product? Which bank can handle
this? I can pay for managing this at a bank. A commission in
percentage.
Chemical filters are of this wire.

 

[RobertL]

I don't want to sell the wire. In the future, maybe. But the recent
purpose was an investment. Because I did know how valuable this
product. I can use the value of the wire for other investments. This
is what I want. To get some cash against the wire and deposit that. Is
there a chance to get cash against this product? Which bank can handle
this? I can pay for managing this at a bank. A commission in
percentage.

So the O.P. wants a to borrow some money with this 25 micron Nickel
wire being the security.

Robert

 

[Ronald Raygun]

So the O.P. wants a to borrow some money with this 25 micron Nickel
wire being the security.

Quite so, just as I thought. Why didn't he just say so, instead of
dressing it up in complicated verbiage?

My feeling is that it's pretty unlikely that anyone would be interested
in lending money against a bit of wire on reasonable terms.

 

[Csaba Halasz]

Quite so, just as I thought.  Why didn't he just say so, instead of
dressing it up in complicated verbiage?

My feeling is that it's pretty unlikely that anyone would be interested
in lending money against a bit of wire on reasonable terms.

OK. You are right, I described it complicated.
How can I find a bank or a financial partner, who can provide loan
against this Nickel wire?

 

[Ronald Raygun]

OK. You are right, I described it complicated.
How can I find a bank or a financial partner, who can provide loan
against this Nickel wire?

I don't know. As I said, I suspect it will be difficult or impossible.

 

[Csaba Halasz]

I don't know.  As I said, I suspect it will be difficult or impossible.

One guy suggested me to open a custody-metal account, than place the
nickle-wire in it. But I don't understand what can I do with a custody-
metal account, exactly.
Bank may can give a loan against the asset, but it's not lcear if this
would be the way to do this.
Any experience?

 

[Ronald Raygun]

One guy suggested me to open a custody-metal account, than place the
nickle-wire in it. But I don't understand what can I do with a custody-
metal account, exactly.
Bank may can give a loan against the asset, but it's not lcear if this
would be the way to do this.
Any experience?

No. Just sell the damn wire and use the money for your investment.
Then you can keep all the profit instead of using much of it to pay
interest on the loan. Once you get back your investment, perhaps you
can then buy the wire back if you still want it.

 

[Csaba Halasz]

No.  Just sell the damn wire and use the money for your investment.
Then you can keep all the profit instead of using much of it to pay
interest on the loan.  Once you get back your investment, perhaps you
can then buy the wire back if you still want it.

Good idea! Thanks Ronald! If there would be a short sell deal with 3
month or two month long option, that would be the best solution. I ask
a broker.
BUT: You are perfect, Ronald.

 

[Perun600]

So, whatever happened to these deals. Any luck?