Escrow Agent Services

Definition：

§ Escrow Agent Service is a financial arrangement that involves an independent third party, normally commercial bank or custodian institution. The independent third party holds and regulates payment of the funds required for two parties in a given transaction. It helps make transactions more secure by keeping the funds in a secure escrow account which is only released where all of the terms of an agreement are met and the signed authorized instruction by two parties are received 

Features：

§ According to escrow agreement, escrow agent safe-keeps the escrow monies maintained in a designated escrow account

§ Reducing transaction risk by appointing  a trust-worthy third party escrow agent.

§ Depositing the money into a designated escrow account monitored by the escrow agent, allows both parties to focus on the negotiation of the underlying transaction.

§ Avoiding dispute by having agreement with control on escrow monies in different conditions.