Custodial Bank Safe Keeping Receipt (SKR)

Custody Account

Prominence Bank Helps you on your Financial Business

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.

The benefits of a custody account from Prominence Bank

  • Your securities are protected against loss, theft, damage or destruction
  • All the work involved in securities transactions is done for you
  • You receive all the necessary company information and documentation promptly
  • Strict monitoring of your orders
  • Access to other services, such as Lombard loans and investment and financial advice

What is a Bank Endorsed Safe Keeping Receipt (SKR)?

An SKR is another bank instrument that is used as an alternative financing tool. These instruments can be issued from banks.

Types of Monetizable SKRs:

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

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.

Open a custody account

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.

+44 20 8895 6493