Custody and safeguarding
Safe Keeping Receipts for eligible high-value assets
Prominence Bank reviews custody arrangements for eligible tangible and financial assets and, once approved and received, documents the safeguarding relationship through the applicable custody records.
What an SKR provides
A documented custody relationship around a specific asset
A Safe Keeping Receipt records an approved custody arrangement for an identified asset. It brings the asset description, ownership information, storage location, access conditions and custody records into one coordinated framework.
That documentation gives the owner, the Bank and authorized counterparties a clearer foundation for ongoing asset management. It can also strengthen a later financing or transaction review by presenting the asset within an organized custody, valuation and insurance context.
- Defined asset description and custody relationship
- Coordinated valuation, insurance and ownership records
- Documented storage and access conditions
- A clear reference point for authorized transactions
From custody to opportunity
Asset documentation can make financing discussions more efficient
When an asset has verified ownership, an accepted valuation, appropriate insurance and an approved custody arrangement, lenders and transaction counterparties can review a more complete and credible information package. Credit, pledge and monetization decisions continue through their own documented assessment.
Asset categories
Custody designed for assets with distinctive value
Each asset category has its own verification, transport, storage, appraisal and insurance requirements. The custody pathway is shaped around those characteristics.
Value of the arrangement
Custody clarity across the full asset lifecycle
The arrangement brings together the records and controls needed to understand what is held, how it is protected and how authorized instructions are managed.
Asset identification
Descriptions, serial references, certificates and supporting evidence create a consistent asset record.
Ownership clarity
Ownership and authorized-control records establish the parties connected to the custody relationship.
Independent valuation
Qualified appraisal information helps present the asset’s characteristics and current value.
Insurance coordination
Coverage can be aligned with the asset type, approved value, storage method and movement conditions.
Safekeeping controls
Storage, access, inspection and release instructions are documented for the approved arrangement.
Transaction readiness
A complete custody file can support efficient review by authorized lenders, buyers or transaction counterparties.
Custody pathway
From asset presentation to documented safekeeping
The sequence is tailored to the asset, location, ownership structure and intended custody purpose.
Initial asset profile
Share the asset category, location, ownership context, approximate value and custody objective.
Verification plan
The Bank identifies the ownership, appraisal, insurance and technical information required for review.
Custody arrangement
Approved storage, access, handling, insurance and recordkeeping terms are documented.
Receipt and ongoing service
The accepted asset enters custody and the applicable receipt and service records are maintained.
Financing readiness
A stronger foundation for asset-backed opportunities
An approved SKR can help lenders and transaction partners assess an asset within a clearer documentary framework. The most finance-ready files typically bring the following elements together.
- Verified ownership and authority over the asset
- Current valuation from an accepted independent specialist
- Insurance aligned with value, custody and intended use
- Clear custody, inspection and release rights
- A defined financing purpose and repayment strategy
SKR questions
Understanding the custody relationship
What information starts an SKR discussion?
A concise asset profile covering the category, current location, ownership context, approximate value and intended custody purpose gives the team a useful starting point.
Which assets can be considered?
Potential categories include fine art, diamonds, colored gemstones, precious metals, fine jewelry, important documents and other eligible financial or tangible assets with verifiable ownership and value.
How can an SKR support financing?
The receipt and custody records can strengthen a financing file by organizing asset identification, ownership, valuation, insurance and safeguarding information for a separate lender or credit review.
What happens after an asset is accepted?
The approved custody terms define storage, access, inspection, recordkeeping and authorized release procedures for the ongoing relationship.
Present your asset for an initial custody discussion
Tell our team the asset category, location, approximate value and intended custody purpose so we can identify the appropriate next step.
Each custody relationship is documented around the accepted asset, storage arrangement, valuation, insurance and service terms.