What Is Custody Account And How It Will Be Useful?

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Welcome
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What Is Custody Account And How It Will Be
Useful?
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Today there are many services provided by the
bank. One such service is opening the custody
account which is also known as Safe Keeping
Receipts (SKR). Many people wish to deposit their
assets safely. For this reason, all you need is
to use the Safe Keeping Receipt service from the
bank. This can be used as a storage of assets or
any other valuables. Usually, the issuer of the
SKR takes the responsibility of protecting the
valuables stored in the financial institution.
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This instrument can also be used as a financial
tool where you can get money with it to grow your
business. There are many types of assets that can
be monetized. They are fur, gold, bonds,
property, collectible art, above-ground assets,
precious gems, and valuable documents. Since this
is just a financial instrument, you can collect
your asset when you want from the bank
easily.If you get the finance using the SKR it
will be more like collateral-based financing.
Getting the SKR doesnt have more unique
procedures. You can get this instrument like
other financial instruments from the bank.
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Opening this account is very simple and easy. All
you need is to pay the initial fees to open the
account and then pay the annual fees according to
the issue of SKR. This type of storage helps you
save more time and money. Since mostly this
custody account will be opened at the reliable
bank there is no need to worry after obtaining
the SKR. After getting the SKR, you can start
focusing on your business and grow it well
without any financial issues.
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