Escrow Services
At Stanbic IBTC, we also help mitigate risks and improve transaction performance by acting as escrow agents during transactions. Funds can be held in an escrow account under the custody of Stanbic IBTC, serving as the escrow agent, until the conditions for remitting the funds to the specified parties are met.
At Stanbic IBTC, we also help mitigate risks and improve transaction performance by acting as escrow agents during transactions. Funds can be held in an escrow account under the custody of Stanbic IBTC, serving as the escrow agent, until the conditions for remitting the funds to the specified parties are met.
When choosing Stanbic IBTC Bank as an escrow agent, the Bank will fulfil three functions:
- Act as an Intermediary between requesting company and her partners
- Hold funds in safe custody in Nigeria
- Act according to the agreed instructions of the buyer and seller
As an Escrow agent, the Bank oversees the legal escrow agreement between the two parties, provides documentary services, and manages the deposit and execution of payments following the escrow agreement between the parties to that agreement.
At Stanbic IBTC, we also help mitigate risks and improve transaction performance by acting as escrow agents during transactions. Funds can be held in an escrow account under the custody of Stanbic IBTC, serving as the escrow agent, until the conditions for remitting the funds to the specified parties are met.
When choosing Stanbic IBTC Bank as an escrow agent, the Bank will fulfil three functions:
- Act as an Intermediary between requesting company and her partners
- Hold funds in safe custody in Nigeria
- Act according to the agreed instructions of the buyer and seller
As an Escrow agent, the Bank oversees the legal escrow agreement between the two parties, provides documentary services, and manages the deposit and execution of payments following the escrow agreement between the parties to that agreement.