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A third party asset holder is ideal for a variety of services including safekeeping receipts, authentication reports and bonded courier services. Third party asset holders emerged due to the European banking institutions that were always requesting Safekeeping Receipts from asset owners in the United States to prove ownership, but were unsuccessful in obtaining them from United States banking institutions. The goal of third party asset holders is to establish a trusting relationship with every client and to provide services that fulfill the need in this market. What Service are Provided by Third Party Asset Holders? 1. Bonded Courier Services With a bonded courier service agents can pick up or deliver assets and documents almost anywhere in the world. There are always going to be certain exclusions, in regards to the countries that the service can or will operate in. A bonded courier service will always deliver important items on time and in the same condition that they departed in. This is a service that is fast and efficient and assists with communicating where valuable and priceless assets are concerned. Items are never lost and arrive at their international destination handled by a professional courier that represents the sender with the highest level of integrity. 2. Safekeeping Receipts A third party asset holder can accept almost any kind of valuable assets for safekeeping purposes. The service will contract out with local bank vaults for storage facilities. They can then issue a safekeeping receipt for that asset, which can be used by the asset owner as proof of ownership, and for the transferring title to that asset. Safekeeping Receipts can be verified by private parties, in addition to banking institutions, but only with prior written consent from the asset owner. The third party asset holding service will protect the privacy of its clients. Safekeeping fees are typically based on three criteria: Value of the asset, physical size of the asset, and term of services. Some of the items that safekeeping assets can be used for include: • Out of date stocks and bonds • Gold mines • Coal mines • Copper mines • Gemstones (rough or cut) • Real estate • Timber land • Precious metals • Jewelry • Heirlooms • Important family documents • Trust and estate documents • bank records When choosing a third party asset holding firm it is important to ensure that the service has never had a complaint filed against them and have always kept assets safe; never losing a single item. 3. Authentication Reports Authentication should only be performed by experts in: historical documents, trusts, various kinds of no longer circulated paper money, coins, stocks, any other assets of potential value. Once completed, the service will issue to the owner of the asset an Authentication Report which can be used in conjunction with any Bill of Sale or Lease Agreement. Global Trust Depository offers Authentication and Evaluation reports for assets for the storage of assets at banking institutions in their client’s geographic location. Their full range of services has assisted businesses and individuals with their assets since 1979. For more information on the range of services that they provide visit, www.globaltrustdepository.com.
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