Overview

Escrow Completion Services provides a solution to manage funds and documentation during the completion of asset transactions.

Built on experience in facilitating substantial asset transactions, it allows buyers, sellers, and intermediaries to focus on the final stages of a transaction with confidence.

Our Escrow Completion Services product is utilised by clients across a broad range of industries, from corporate transactions, healthcare, fine art, automobiles, superyachts, and private aircraft.

We offer completion services in Euro, US Dollar and Sterling currencies. Other currencies are available on request.

The one thing our clients all have in common: peace of mind.

Risk based Evolution to the Traditional Approach

Deposits and completion funds are traditionally held in advance of closing by a brokerage house which also represents a party to the transaction at hand. This can lead to concerns from the opposite side as to whom the broker’s principal duty is owed when holding funds for the benefit of both parties.

Alternatively, the transacting parties may be dealing directly and simply require a neutral third party to ensure the deal makes it across the line swiftly and in an organized, professional manner.

The increasing burden of anti-money laundering and data protection regulation means that operating ringfenced client account facilities for escrow purposes is becoming increasingly challenging for non-specialists and unregulated entities.

As a result, transacting parties frequently and repeatedly instruct us for our Escrow Completion Services to streamline the process, provide peace of mind and free themselves of the regulatory burden associated with the handling of funds.

Protection from Risk

The holding of funds on behalf of clients is subject to stringent professional and regulatory controls that are significantly more comprehensive than those traditionally associated with an unregulated client account.

Funds lodged with the Escrow Completion Service benefit from comprehensive protection. Not least, all funds are held in our designated, ringfenced and insured client account, operated by Raiffeisen Bank and controlled in accordance with the European Solicitor’s Regulation Authority. Euro, Sterling and US Dollar accounts are available, with additional currencies being offered on request.

For the benefit of all

Escrow Completion Services’ straightforward and professional approach to transactions means that all parties can rest assured that the completion process will be seamless.

Buyers will be assured that their funds are held securely in advance of completion and will be readily accessible on terms they have negotiated with the Seller (typically by way of an Asset Purchase Agreement) should the sale not complete.

Sellers benefit from knowing that deposits are held securely from an early stage, providing the comfort to proceed with the transaction at hand. At completion, Sellers can be sure that funds are pre-positioned and will be released promptly, without the need for any third party involvement and strictly on the terms they have agreed with the Buyer.

Brokers appreciate the freeing up of resources that would otherwise be directed towards complying with an increased regulatory burden, leaving them free to focus on delivering the best possible service to their clients. Commission payments are ordinarily paid by us directly to the brokers, upon completion. An added advantage is that it distances brokers from any ongoing or protracted disputes that may require them to hold client monies indefinitely and pending the resolution of disagreements.

Lenders benefit from our extensive experience of working alongside industry-leading finance providers in facilitating transactions for borrowers at all levels of the market. The professionalism offered by our approach, and our status as a regulated entity, including the ability to offer full solicitor’s undertakings, is usually sufficient to satisfy any individual lender’s risk and/or compliance requirements.