Secure your company’s interests by ensuring trouble-free and secure transactions
An escrow is a deposit of funds held by a third party on behalf of the other two parties in a transaction. Our team will act as a third party to ensure your company’s safety and interest. As your escrow agent, we will hold the funds until you’re ready to complete the transaction. This service is for:
|Minimum Escrow Amount||P5,000,000|
|Turn Around Time||3 banking days*|
*For the drafting of the escrow agreement in line with the deed of sale and other documentary requirements and the preparation of account opening documents
Pending the sale of real estate or shares of stocks, we will hold on to the purchase price until the sale is registered.
Our team can set-up an escrow agreement prescribed by the PSE for companies who want to list securities on the exchange.
Any proceeds of sales made in compliance with the Socialized Housing requirement of HLURB will be deposited in the escrow account.
Professional and prudent asset administration, custody of escrow properties, and investment management.
Protection of the parties’ interest and funds by strict compliance to the terms and conditions of the agreement.
Assured compliance with the different regulatory bodies (i.e. HLURB, PSE, among others).
Efficient liquidity and timely remittance of amounts withdrawn from the account.
What are the requirements for companies who want to list securities on the Philippine Stock Exchange?
The PSE requires applicant companies to instruct their stockholders, who own 10% of the issued and outstanding shares of stock or securities of the company, to enter into an agreement with the PSE not to sell, assign, or dispose of their shares for 180 days after listing. This can be done through an escrow agreement.
What is the role of an escrow agent in a transaction?
The Escrow Agent acts merely as a depository of the funds and is tasked merely with ministerial functions specified under the agreement. The Escrow Agent is under no obligation to determine the performance or non-performance of any term or condition of any other agreement that may be executed between the parties.
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