Q: SKR Cost Structure and Security of Funds

The cost to open a custodian account (SKR) is €25,000 , payable at the time of application. An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement. The Performance Bond Insurance Policy (recommended from Lloyd’s of London ) ranges from 0.05% to 2% based on the insured amount. Asset deposit at the bank has no associated cost ; however, asset appraisal costs are coordinated directly with the appraiser. Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Q: SKR Cost Structure and Security of Funds

The cost to open a custodian account (SKR) is €25,000 , payable at the time of application. An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement. The Performance Bond Insurance Policy (recommended from Lloyd’s of London ) ranges from 0.05% to 2% based on the insured amount. Asset deposit at the bank has no associated cost ; however, asset appraisal costs are coordinated directly with the appraiser. Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Q: SKR Cost Structure and Security of Funds

The cost to open a custodian account (SKR) is €25,000 , payable at the time of application. An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement. The Performance Bond Insurance Policy (recommended from Lloyd’s of London ) ranges from 0.05% to 2% based on the insured amount. Asset deposit at the bank has no associated cost ; however, asset appraisal costs are coordinated directly with the appraiser. Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Question 1

SKR Cost Structure and Security of Funds

admin · Accepted Answer

The cost to open a custodian account (SKR) is €25,000, payable at the time of application.
An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement.
The Performance Bond Insurance Policy (recommended from Lloyd’s of London) ranges from 0.05% to 2% based on the insured amount.
Asset deposit at the bank has no associated cost; however, asset appraisal costs are coordinated directly with the appraiser.
Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Question 2

SKR Cost Structure and Security of Funds

admin · Accepted Answer

The cost to open a custodian account (SKR) is €25,000, payable at the time of application.
An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement.
The Performance Bond Insurance Policy (recommended from Lloyd’s of London) ranges from 0.05% to 2% based on the insured amount.
Asset deposit at the bank has no associated cost; however, asset appraisal costs are coordinated directly with the appraiser.
Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Question 3

SKR Cost Structure and Security of Funds

admin · Accepted Answer

The cost to open a custodian account (SKR) is €25,000, payable at the time of application.
An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement.
The Performance Bond Insurance Policy (recommended from Lloyd’s of London) ranges from 0.05% to 2% based on the insured amount.
Asset deposit at the bank has no associated cost; however, asset appraisal costs are coordinated directly with the appraiser.
Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

SKR Cost Structure and Security of Funds

SKR Cost Structure and Security of Funds

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