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Escrow Services.

Escrow Services.

Throughout the life-cycle of a critical transaction, Spire Bank ’ Escrow Services provide secure control over cash assets, helping to protect your business.

  • We have experienced Escrow specialists on hand to provide support – from structuring solutions to servicing accounts

  • Our standardized Spire Bank Escrow agreements simplify the documentation process, reducing negotiation times and minimizing legal costs

  • Clients can choose to hold Escrow amounts in a joint or single party account

How it protects the business.

The role of Spire Bank as Escrow bank is to act as a neutral non-discretionary agent in a transaction, holding cash assets on behalf of the Escrow parties. Funds are released in line with pre-agreed terms. Escrow accounts can be opened in a wide range of currencies and are held in the UK governed by English or New York law. Common scenarios where an Escrow solution may be required:

  • Mergers and Acquisitions: Facilitation of an M&A transaction to cover holdback amounts related to reps and warranties, purchase price adjustments, regulatory approvals and employee retention, as well as ‘good-faith’ deposits, such as commitment/ability to fund a transaction

  • Financing: Counterparty risk in project and infrastructure finance, acquisition finance and cash collateralized credit

  • Litigation: To hold funds in Escrow awaiting an outcome of a court judgment, allowing safeguarding of assets during the appeals process

  • Capital Raising: To provide assurance to transaction parties that funding is in place for acquisition financing or pending an Initial Public Offering (IPO)

  • Regulatory Requirements: Holding of assets in Escrow to comply with government regulations in areas like environmental protection, real estate development, bankruptcies and pension protection.

Need To Know More

Working together, we’ll help you choose a suitable package.