Prominence Bank accepts for preliminary SKR review all principal categories of lawful, eligible, identifiable, documentable, and independently verifiable tangible and
A custody account is generally used to record or safeguard eligible assets under a written custody arrangement. It is distinct
An SKR is not automatically transferable or negotiable. Assignment, pledge, transfer or reissuance depends on the custody agreement, ownership records,
Ownership and custody rights are determined by the written custody agreement and the asset’s legal records. Custody alone does not
Yes. A client can submit a separate financing request involving an SKR, but the receipt itself does not guarantee a
No fixed SKR issuance time is published. Timing depends on asset acceptance, ownership and document review, valuation, custody arrangements, transfer
The process includes client and asset-owner due diligence, a custody agreement, ownership and asset verification, valuation where required and accepted
Lawful, verifiable and operationally suitable assets can be considered for custody or an SKR. The review covers ownership, authenticity, valuation,
A Safekeeping Receipt (SKR) is generally a document issued under a custody arrangement that identifies an asset held by the
No. Insurance or an SKR records custody arrangements; it does not guarantee monetization or loan approval.
