📘 Knowledge Base

Confirmation of Co-Signatory / Assignment — FAQ

❓ What is the Confirmation of Co-Signatory / Assignment?

The Confirmation of Co-Signatory / Assignment is a formal affidavit confirming that U.S. Capital Private Bank has been added as a co-signatory, co-assignee, or beneficiary to a specific asset.

This allows the asset to be used institutionally for:

• Collateral support

• Credit enhancement

• Instrument issuance

• Transaction execution

It does not automatically mean the asset is sold or forfeited.

❓ When is this document required?

This document is typically required when:

• An asset is being used instead of cash to support a transaction

• U.S. Capital is deploying its own funds or balance sheet

• The client does not have sufficient liquid cash for transaction costs

• The asset must be recognized institutionally for banking purposes

It is most common in asset monetization and structured transactions.

❓ Why does U.S. Capital need to be a co-signatory or assignee?

Banks and counterparties cannot rely on assets unless they have:

• Legal rights of use

• Recognized beneficiary status

• Clear authority during the transaction period

Adding U.S. Capital as co-signatory or assignee:

• Allows the bank to stand behind the transaction

• Enables collateral substitution or credit enhancement

• Protects all parties legally and operationally

❓ Does this mean I lose ownership of my asset?

Not necessarily.

Depending on the structure:

• Ownership may remain with the client

• Rights may be temporarily assigned for transaction purposes

• The asset may be held in trust or bonded custody

Each arrangement is transaction-specific and disclosed in writing.

❓ Why is this document irrevocable?

Irrevocability ensures:

• Transaction certainty

• Protection for banks and counterparties

• That assets cannot be withdrawn mid-transaction

This is required for institutional credibility and risk management.

❓ What types of assets use this document?

This document may apply to:

• Precious metals

• Commodities

• Gems

• Financial instruments

• Legacy or non-performing assets

• Other valuable tangible or documented assets

The key factor is verifiable value, not asset type.

❓ Why does the document reference custody and blocking of assets?

Assets used to support transactions must:

• Remain in controlled custody

• Not be moved, sold, or encumbered

• Stay available for the duration of the transaction

Blocking ensures the asset remains available and unimpaired.

❓ What is meant by “use on the balance sheet”?

During the validity period, U.S. Capital may:

• Recognize the asset for collateral support

• Use it for credit enhancement

• Support issuance of instruments

This allows transactions to proceed even when other banks cannot accept the asset directly.

❓ Why are proof of life and verification documents required?

To confirm:

• The asset exists

• The client possesses or controls it

• The asset is authentic and current

This protects against fraud, substitution, or misrepresentation.

❓ Is this document a funding guarantee?

No.

The Confirmation of Co-Signatory:

• Does not guarantee funding

• Does not promise profits

• Does not override compliance or risk review

It enables structuring, not automatic approval.

❓ How does this relate to the Smart Plan Agreement?

This document operates under and alongside the Smart Plan Agreement.

The Smart Plan governs:

• Process

• Authority

• Engagement terms

The Co-Signatory Confirmation governs:

• Asset use

• Rights

• Collateral support

Each serves a distinct role.

❓ How long does the co-signatory status last?

The duration is defined in the agreement and typically lasts:

• For the life of the transaction, or

• Until obligations are fulfilled

Assets are released once conditions are satisfied.

❓ Who should I contact with questions about this document?

All inquiries should be directed to U.S. Capital Private Bank through official channels.

Email: customerservice@uscapitalprivatebank.com
Website: https://uscapitalprivatebank.com
Phone: +971 52 992 6005

🧠 In One Sentence

“The Confirmation of Co-Signatory allows U.S. Capital to legally stand behind a transaction by using an asset institutionally, often in place of cash.”

Banking platform reminder: The CRM Portal is used for communication, support, and service coordination. For secure onboarding, document verification, account setup, transaction preparation, and more efficient client service, please also register on the U.S. Capital Private Bank banking platform at www.uscapitalprivatebank.com as soon as your CRM Portal registration is complete.