With globalization and cross border transactions becoming more demanding and complicated, there is a need to ensure security in protecting clients’ assets in a business transaction. Escrow service eliminates the distrust between the parties and reduces default risk to help in concluding transaction smoothly
Usage of Escrow Service
Some of the more common usage on Escrow can be seen in Merger & Acquisitions, Real Estate Leasing, Project Finance, Asset Transactions, and Cash Management.
Benefits of Escrow Service
- Arranged when both buyer and seller want assurance that no funds or assets will change hand until all obligations have been fulfilled. The agreements and transactions are tailored to meet the needs of both buying and selling parties.
- Provides a secure and effective arrangement to keep assets safe for the contracting parties and there is a facilitation of transaction according to the terms of the agreement.
- Ensures the certainty that funds/assets are only transferred upon fulfillments of conditions in the Escrow Agreement
If you would like to find out more, please contact our custody team as follow:
Tel: +65 6709 1388
Fax: +65 6532 0979
"Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured."