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What Is Custody Account And How It Will Be Useful?

You can now safely protect them using the SKR where the bank takes the responsibility of protecting the asset. For this, all you need is the custody account. Read more: https://bit.ly/3hP5Npn

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What Is Custody Account And How It Will Be Useful?

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  1. Welcome

  2. What Is Custody Account And How It Will Be Useful?

  3. 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.

  4. 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 doesn’t have more unique procedures. You can get this instrument like other financial instruments from the bank.

  5. 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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