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


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


Facilitate settlements and project financing through an escrow account


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


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


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


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


How Does Escrow Service Works?

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