Escrow Service

What is Escrow Service?

Escrow is a business contractual arrangement whereby an asset or money is held by an independent third party (i.e.: escrow agent) on behalf of two other parties or more who are in the process of making a deal. The escrow agent has to make sure that all terms and conditions are met before any releasing of funds and transferring of assets to the intended party(s).

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Benefits of appointing PBTSB as Escrow Agent

1

To protect the wellbeing of all parties involved as stated in the escrow agreement

2

Facilitate settlements and project financing through an escrow account

3

Parties involved will be comfortable to submit funds, deeds and other items for the business arrangement as PBTSB is a bank-backed Trustee with strong corporate governance and high compliance to the laws and regulations

4

The escrow agent to carry out duties and responsibilities to make sure all conditions as stated in the escrow agreement are met

5

Securely and transparently holds all upfront funds and deposits in custody as an impartial third party until all predefined conditions between the parties have been fulfilled

6

Timely, flexible and independent service by PBTSB to allow a peace of mind for the parties involved

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How Does Escrow Service Works?

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