Yes, absolutely. The asset remains 100% yours – Prominence Bank is just the custodian. The SKR is essentially a receipt acknowledging your ownership and our safekeeping. We do not assume ownership; we cannot sell or transfer the asset (except back to you or a named party with your instruction). Think of it like storing gold in a secure vault: the vault company doesn’t own your gold, you do. Similarly, with an SKR, we’re holding the asset for you and providing a receipt that you can use to demonstrate its existence and value. When you want your asset back (and any obligations tied to the SKR are settled), we simply terminate the SKR and return the asset to you as per the custodial agreement. Many clients appreciate that an SKR lets them keep their asset investment (art, gold, etc.) intact while still raising cash via loans – once the loan is repaid, the SKR is usually canceled and you continue holding your asset as before.
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