An escrow account opened in the Bank provides for a transaction to repurchase joint-stock company shares from the final beneficiaries.
In international practice, the real estate purchase by opening an escrow account at the Bank is the safest way to effect a deal: the buyer when placing funds in an account at the Bank, can be confident of their safety until all the operation conditions are fulfilled and the documents are signed, while the seller can make sure that the buyer’s funds are availible and the transaction is possible.
Crediting of funds from the account holder to the escrow account
Transfer of funds to the beneficiary upon the occurrence circumstances specified in the agreement
Return of funds to the account holder in accordance with the agreement terms
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