Now you can deposit your assets and order an SKR (Safe Keeping Receipt) with full bank responsibility without prepaying any fees in advance.
You can pay the full cost six (6) month after the issuing of the SKR!!!
Ask your Authorized Bank Agent or Bank Officer to know more about the full conditions.
An SKR is another bank instrument that is used as an alternative financing tool. These instruments can be issued from banks.
Types of Monetizable SKR:
• Collectible Art
• Above Ground Assets
• Valuable Documents
• Precious Gems
Those that issue the SKR do not own them, so the asset must be returned if requested. Those that own valuable items can take out an SKR against them. This collateral-based banking instrument provides alternative financing to those that need it most. These are similar to LC, Bonds, SBLC, and BG. SWIFT is used at the transfer service, but some need to utilize MT542.
This is considered one of the safest banking instruments because you do not give up control of your asset, and you aren’t moving it.
Contact us to learn more about how an SKR can assist you in your financial future.
Is your company already a Prominence Bank client? To open a custody account, please contact your client advisor or Corporate Banking Client Management.
Is your company not yet a Prominence Bank client? A custody account can only be opened in combination with a Prominence Bank account. Please contact a Prominence Bank client advisor for an appointment.Download Application for Personal Custody Account here!
Download Application for Business Custody Account here!
Download The Custodial Agreement Here!
Download The Safe Keeping Receipt Draft Here!
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