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.
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:
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 Opening Fees Requirements for Custody Account?
To grasp more information about how SKR could be of assistance to your financial future, contact us. .
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!