Escrow account service
Introduction

Guarantee for payment of damages when the escrow party fails to perform or improperly performs its obligations. The parties agree on a number of related contents:

  • Register collateral
  • Ways and solutions to resolve consequences when the obligor fails to perform or improperly performs the obligation.
  • The credit institution is an intermediary that holds the collateral assets in the form of a escrow account during the period of performance of the guaranteed obligation and must only return the remaining collateral assets to the escrow party after deduction. Banking service fees and the amount paid at the request of the obligee upon termination of the deposit.
Benefits for the customers

Deposit service at the bank brings many benefits to customers with simple and quick procedures, flexible deposit time, competitive interest rates depending on the type of deposit, ensuring safety when transaction.