Certificate of Deposit against High-value product

Mar 09, 2011 9 Replies

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


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.

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

Robert

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?

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?

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.

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