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Trade Escrow

The trading of high value or capital goods between a previously unknown seller and a buyer can raise concerns about the availability of funds and the performance of the goods being traded.  In such circumstances Financechain provides a secure payment or settlement mechanism that:

  • Protects the seller by ensuring that ‘pre-deposited funds’ are available for payment when the good are accepted by the buyer
  • Protects the buyer by ensuring that his ‘pre-deposited’ funds are transferred to the seller only when he is satisfied that the goods as delivered are acceptable

As the Escrow Agent, Financechain will provide a standard Escrow Agreement which can be modified to include the specific needs of both the buyer and seller and which can contain specific performance criteria which when satisfied will result in the transfer of payment.  Once the Escrow Agreement is implemented the buyer deposits the agreed funds in the secure escrow account managed by Financechain.  On delivery of the goods in accordance with the terms and the criteria specified in the agreement, payment is released to the seller.

For more information about Financechain’s Escrow for Trading services contact us on 0161 440 2700 or email enquiries@finance-chain.com