I assume, and please correct me if I am wrong, that what is being discussed here is investment directly with the fund (without the need of any bank account) as also the fund itself providing the confirmation of holding the participation units (without the need of a custodian bank).
If the above is correct, are there successful precedents where GV applicants have received at least a pre-approval ? This appears to be a relatively new option and hence this question.
In case this is not a tried and tested process then any new applicant risks running in to a bureaucracy so attuned to seeing bank letters/confirmations that in the absence of any document from a bank it may summarily reject the entire application.
As my id shows, I am a rookie here and may have gotten the entire thing wrong. I am open to being corrected and wish to learn from such corrections.