Premises guarantees: How do I respond to a request from the Financial Security Centre when a premises guarantee is required?
Applications received at the Financial Securities Centre for authorized warehousekeeperstatus and/or the approval of new warehouse premises require premises security.The FSC will forward the request on to the Regional Risk Managers/and or CRMs forlocal action.
Local staff must:
- Visit the applicant to establish the potential duty due on the average end of month stock calculated over a 12 month period, allowing for seasonal variations;
- Calculate the size of the guarantee required;
- Complete Form FSC1 and forward it to the FSC (which will confirm receipt). The FSC1 must be completed in the name of the legal entity not a trading name.