PrimaryMarkets Escrow Services
As part of the evolution of the PrimaryMarkets.com platform, we are now "live" with PrimaryMarkets Escrow which facilitates the flow of sale proceeds from Buyers to Sellers.
By utilising PrimaryMarkets Escrow funds from a Buyer will be held in escrow with one of the largest ASX listed independent and diversified financial services group (market cap >A$2B) (Escrow Agent) in a bank account with either ANZ or Westpac.
The funds will not be released from escrow until BOTH the Seller and the Buyer have confirmed to the Escrow Agent that they wish to proceed to completion of the transaction and that the funds may be disbursed by the Escrow Agent as directed by the Seller.
The fee for this PrimaryMarkets Escrow service (which is nominal) is paid on completion from the Sale Consideration.
To be clear, PrimaryMarkets never touches or controls these escrow funds rather BOTH the Buyer and the Seller each retain full control and ownership at all relevant times.
What are the advantages of PrimaryMarkets Escrow?
What is escrow?
Who is the Escrow Agent?
AML and KYC Requirements
Completion of a transaction using PrimaryMarkets Escrow?
What if the other party will not approve the release of escrow funds?
Disputes between Buyer and Seller in regard to escrowed funds
Does PrimaryMarkets touch or control the Escrow Account or Escrow funds?
Who holds the money?
Are escrow funds segregated?
How do I make payments into PrimaryMarkets Escrow?
Access PrimaryMarkets Escrow from anywhere.
What are the fees for using PrimaryMarkets Escrow?
Secure data storage
Are Escrowed funds invested in the stock market?
Australian Licences to operate an Escrow Service
Still have more Questions?