How long can it take to obtain an SKR?
No fixed SKR issuance time is published. Timing depends on asset acceptance, ownership and document review, valuation, custody arrangements, transfer
SKR
What is the process and cost for requesting a Safekeeping Receipt?
The process includes client and asset-owner due diligence, a custody agreement, ownership and asset verification, valuation where required and accepted
What types of assets may be considered for a custody account or SKR?
Lawful, verifiable and operationally suitable assets can be considered for custody or an SKR. The review covers ownership, authenticity, valuation,
What is a Safekeeping Receipt, and how does a custodial SKR arrangement work?
A Safekeeping Receipt (SKR) is generally a document issued under a custody arrangement that identifies an asset held by the
Does insurance or an SKR guarantee monetization or loan approval?
No. Insurance or an SKR records custody arrangements; it does not guarantee monetization or loan approval.
What costs apply to an SKR or custody arrangement, and how are custody assets handled?
A custody account costs EUR 25,000, and an SKR/custody service carries an additional 2% fee. Custody assets remain governed by
What does a custody account cost, and does it require a minimum balance?
A custody account costs EUR 25,000, plus the applicable 2% SKR/custody service fee. The public fee schedule does not state
Can an external SKR be transferred to Prominence Bank?
An external SKR can be submitted for custody and authenticity review; transfer depends on the asset, issuer, custody chain and