The HB Warehouse Receipt is recognised by insurers and international banks as a financeable document that assures the Warehouse Receipt holder title to the underlying goods. HB Warehouse Receipts therefore allow our clients to readily finance their physical metal and commodity stocks that are stored in our global network of Henry Bath warehouses.
Henry Bath has its own Act of UK Parliament dating from 1890 that legally enables us to issue transferable certificates and warrants (nowadays referred to as Warehouse Receipts) for the delivery of goods. The original principal of the Act remains in force; "Every such certificate or warrant shall be deemed to be a document of title to the goods specified therein and shall be transferable by endorsement or special endorsement and any holder of such certificate or warrant whether the person named therein or the endorsee thereof shall have the same right to the possession and property of such goods as if they were deposited in his own warehouse."
Quick Turnaround of Documents
HB Warehouse Receipts can be issued to clients from any of our regional issuing offices around the world for stock held in any of our global warehouses. This gives HB Warehouse Receipt holders flexibility for a quick turnaround in issuing and cancelling their documents securely within the HB network to suit their own international timezone.
HB Warehouse Receipts are printed on high security paper with overt and covert security features built into the hard copy document. This provides a high end level of protection against fraudulant document copies.
Document Process Controls
HB Warehouse Receipts are issued, cancelled and redeemed in accordance with our written procedures and system controls that have been deliberately designed to provide strong management control and governance around the Warehouse Receipt process.
Warehouse Operating Model
HB Warehouse Receipts are only issued for goods stored in Henry Bath managed warehouses. Our heritage as a founder member of the London Metal Exchange, issuer of the first ever LME Warrant in 1883, and more recently our investments in best-in-class security, safety and operational risk management controls, provides our clients with a strong warehouse operating platform of exceptionally high standards.
If you would like to speak to us about HB Warehouse Receipts then we would be happy to arrange a private meeting. Contact Us