SECURITY TRUST SERVICES
Escrow Services
We hold escrow assets (money, securities or properties) on behalf of parties for onward delivery to another party upon the fulfilment of certain conditions or requirements by the depositor as contained in the contractual Deeds.
This agency arrangement ensures that transactions are safely carried out without the risk of losing money or merchandise due to fraud.
As a regulated organisation with fiduciary responsibilities and integrity as our core value, we can be trusted to act in the best interest of all the stake-holders.
Who needs this?
Do you carry out financial transactions with new parties you don’t fully trust? Would you like to eliminate that worry by having a professional body you can trust, act as an intermediary for you?
This service might be for you!
BENEFITS
- Escrow services provided by a trustee offer a secure and neutral platform for clients involved in transactions. The trustee acts as an impartial third party, holding funds or assets until predefined conditions are met, ensuring a fair and secure process.
- Escrow services facilitate smoother transactions by providing a trusted mechanism for the exchange of funds or assets. This is particularly beneficial in complex business deals, real estate transactions, or large-scale projects where multiple parties are involved.
- The use of escrow services helps mitigate risks for clients. Funds or assets are only released when all specified conditions are met, reducing the risk of non-performance or other issues that could impact the success of the transaction.
- In the event of disputes, the escrow arrangement simplifies the resolution process. The trustee, acting as the escrow agent, can follow predetermined procedures outlined in the escrow agreement to resolve disagreements and release funds or assets accordingly.
- Escrow services ensure compliance with legal and contractual obligations. The trustee oversees the adherence to agreed-upon terms, providing clients with assurance that the transaction is conducted in accordance with applicable laws and regulations.
