Custodial Bank Safe Keeping Receipt (SKR)

Custody Account

Prominence Bank Assists you in Growing Your Financial Business

Your Assets can be deposited now and then order a Safe Keeping Receipt with bank’s full responsibility without prior payment of any fee in advance.

The full cost can be paid after six months after the SKR has been Issue!!!

To know about all the conditions, Ask the Authorized Bank Agent or any Bank Officer.

How Best Can the Bank Endorsed Safe Keeping Receipt (SKR) Be Described?

This is another bank instrument which could be used as an alternative financial tool. Below are instruments that can be issued by banks:

Various Forms of Monetizable SKR:

  • Fur
  • Gold
  • Bonds
  • Property
  • Collectible Art
  • Above Ground Assets
  • Precious Gems
  • Valuable Documents

The SKR is not owned by those who Issue it, therefore when it is requested for, it should be returned. Perhaps, you own a valuable item, you can collect an SKR against it. Therefore, it’s a way of providing alternative financing to those that need it most, through collateral based banking instrument. They are similar to the BG, Bonds, LC and SBLC. Though some need to use MT 542, but SWIFT is utilized at the transfer service.

Therefore, SKR is regarded as one of the most secured banking instruments, this is because you are not required to give up your assets. So you don’t need to be bother.

What Are the Benefits of A Custody Account Gotten From Prominence Bank?

  • Your orders are strictly monitored
  • All the works necessary in securing transactions is done for you
  • You have access to other services it could range from financial advice to Lombard loans and investment
  • Your securities are kept from damage or destruction, loss and theft
  • All necessary documents and information are received by you as at when due

What are The Opening Fees Requirements for Custody Account?

  1. Opening Fees for Opening Custody Account: €25,000 for each Custody Account which is payable once you sign the SKR Consensus and assets deposited.
  2. Annual Fees: 2,00% which is payable after six (6) months of issuing the SKR

To grasp more information about how SKR could be of assistance to your financial future, contact us. .

What is the Time for Estimated Completion?

Once the opening fee for the account is paid, its takes 7 days for the bank account to be opened.

What are the Procedures in Opening a Custody Account with Prominence Bank?

1

Fill in the Custody Agreement for the account accurately and completely below

2

After which the agreement form should be sent to: account@prominencebank.com via email

3

After the form has be sent, the customer has to send the opening fees for Custody bank account (€25,000)

4

Once the deposit is confirmed, the bank Custody account would be opened within 7 banking days

5

The customer should go and deposit the assets on the Custody Account at the office for Custody in Mardrid, Spain.

6

After deposit of Asset has been confirmed, the bank with proceed to issue and also deliver an SKR to the customer just within seventy-two hours (72) banking hours.

Open a custody account

Is your organization or company an account holder with Prominence Bank? If No, it’s paramount for you to be an account holder, only then, can you open a Corporate Account or you can contact a customer advisor for an appointment please!

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!

 

+44 20 8895 6493
helpdesk@prominencebank.com 

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