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The disposal of financial documents and currency destruction systems

Begin: 30.08.2017
The disposal of financial documents and currency destruction systems

Stocks, shares, bonds and other financial instruments and documents are increasingly being dematerialized by financial institutions. At the same time central banks are regularly removing old currency to be replaced by newer denomination bank notes - often with new materials and security features.

 

 

In several countries where tax avoidance is endemic, high value bank notes are demonetized and taken out of circulation to be replaced by newer and more secure currencies. For central banks, the challenge is not only to regulate and produce more secure currencies but also to destroy or securely dispose the old notes with safety and using sustainable technologies.

Security printers face similar challenges so that only the correct quality and number of documents or financial instruments are delivered while all waste is securely and accountably disposed. As the volume and complexity of secure documents increases, central and national banks and security printers are using automated sorting, shredding and waste disposal systems from companies such as Switzerland based Hunkeler Systeme.

Bank note printing and production is challenging -- waste often includes misprints, defective holograms, edge strips and other artifacts and imperfections. For the fastidious production of perfect notes, the accumulated waste needs to be professionally disposed. The requirements for a fully automatic disposal system are many-sided: first of all, to fulfill all safety aspects without interference in the production process.

In addition, an industrial system must reliably guarantee product quality, production safety and the integration of the different collection points and materials into one central disposal system, as well as continuous transparency during the entire process. Every step has to be monitored and managed -- it is the super-ordinate management of a systems solution, which is the backbone of every production process.

Several central banks around the world are confident customers of Hunkeler Systeme’s automated disposal solutions systems due to their extreme reliability. A company with versatile engineering and software capability and great experience in automated paper handling operations, it has a wide range of solutions for varying demands of complexity and volumes. Hunkeler has systems for various bank note types, that use materials as different as cotton and plastics – an increasing complex mix being used for bank notes in many countries. 

Ultimately, secure disposal systems require customization for specific needs and Hunkeler’s custom designed solutions are based on its engineering and visualization of the processes with complete software programming and development. A 100% or totally secure process is the base of every bank note sorting system or waste disposal solution, or both. The solutions can consist of inline or offline components or the combination of both. Centralized units can have larger waste systems and automation can include robotics. For decentralized systems, secure solutions such as bank note punching devices for local destruction of bank notes can be provided.

 

Customization and visualization are the key to security

Thus far, the key to the success of Hunkeler Systeme’s secure waste disposal and logistics solutions for secure documents and bank notes has been the guaranteed security with workflow software and visualization of its custom engineered solutions. A profound understanding and visualization of the process is the only way to make possible a super-ordinate and reliable waste management and disposal logistics system.

However, the system must also be sustainable -- waste must be minimized in the production process, and the collection, sorting and disposal of the waste must be reliable and done with integrity while keeping in mind the recycling options where possible without compromising the integrity and security of the project.