Custodial Bank Safe Keeping Receipt (SKR): A Secure Solution for Asset Protection

In the dynamic world of finance, securing valuable assets while maintaining financial flexibility is a crucial requirement for businesses and individuals alike. One of the most effective solutions for safeguarding assets without liquidating them is a Custodial Bank Safe Keeping Receipt (SKR) . Offered by Prominence Bank, a distinguished financial institution among banks in Comoros, particularly a leading bank in Mwali, SKRs provide a secure way to hold and leverage assets for various financial transactions. What is a Custodial Bank Safe Keeping Receipt (SKR)? A Custodial Bank Safe Keeping Receipt (SKR) is a legal document issued by a bank to confirm the secure custody of a client’s assets. These assets, which can range from precious metals to valuable documents and real estate, remain in the bank’s vault while the SKR serves as proof of ownership. Banks in Comoros The advantage of an SKR is that it can be used as collateral for loans and financial transactions without requi...