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Escrow solutions

Use our escrow solutions to manage the secure transition of funds for a range of corporate and private transactions. 
 

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Welcome

We understand that reducing global financial risk is a top priority for businesses. When making escrow transactions, it’s important to ensure that funds are held securely.

We offer escrow solutions for individuals and institutional investors across different sectors, holding funds on behalf of two or more entities to be released as per an escrow agreement.

Mergers and acquisitions

We offer a range of escrow services to support M&A transactions globally, acting as an independent party.

Holdback escrows

Our holdback accounts mitigate transactional risk. Clients can place a portion of the purchase price left unpaid at the closing date in escrow.

 

Our third-party escrow accounts hold these funds securely until escrow agreement obligations are satisfied.

M&A Takeover Codes

Regulations can vary between jurisdictions.

 

In the United Kingdom and Hong Kong, for example, Takeover Codes are regulatory frameworks that govern the procedures and rules involved in the acquisition or takeover of companies, ensuring transparency, fairness, and protection of the interests of shareholders and stakeholders involved in such transactions.

Good faith deposits

Good faith deposits allow clients to hold a portion of the transaction purchase price in an escrow account while two or more parties engage in bidding.

 

If an agreement is cancelled, Interpolitan returns funds as per any cancellation terms. 

Closing/paying agent

Use our corporate escrow services to combine multiple funding sources that cover the total purchase price before a deal closes. The escrow account has two solutions:
   

  • A closing agent to facilitate the exchange between the seller and the buyer.

  • A paying agent, where Interpolitan distributes funds to the selling shareholders directly from an escrow account.

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If you’d like more information about our features, get in touch today.

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Escrow solutions for capital markets 

We provide businesses with escrow accounts to segregate bond and loan proceeds and prevent funds from being used for unauthorised purposes. 

M&As and SPVs typically use our solutions for VAT escrow accounts, construction, acquisitions and pending regulatory approvals. 

  • What is the Liberalised Remittance Scheme (LRS)?
    The Liberalised Remittance Scheme (LRS) allows Indian residents to remit up to USD 250,000 (or currency equivalent) per financial year to another country for investments and expenditure. The scheme is overseen by the Reserve Bank of India (RBI). This limit is per individual, including minors, which means that a family of five can remit up to USD 1.25 million per financial year (or currency equivalent). This quota includes any investments such as: GBP securities, real estate, bank deposits and other expenses, like foreign travel, medical costs and student education fees.
  • How do I complete my LRS payment?
    Open an account with Interpolitan Money. We have local Indian Rupee accounts and accounts domiciled in the UK, EEA and other countries, so we can handle the service from beginning to end. You will need to supply us with the correct documents to process your LRS payment. Please email us at info@interpolitanmoney.com for more information, or contact your dedicated relationship manager directly.
  • What is the list of documents that I need to supply for the LRS process?
    Interpolitan Money will perform a KYC check as required by the UK Financial Conduct Authority (FCA) and the relevant financial laws where Interpolitan Money operates to ascertain the legality of the client. Requirements can include: • Proof of ID. • Proof of address. • Proof of income. • Invoice/reason for the payment. To initiate a remittance from India, you need to complete an ‘A2’ form. On the form you will need to fill in: • Basic details (applicant name, PAN card number, details of the AD and beneficiary details). • The purpose of the remittance, plus its code. • A declaration by the applicant and certificate from the AD that the amount remitted throughout the financial year does not exceed the limit and is not used for prohibited purposes. If your account with us has been open for less than a year, proof of income/source of funds will be required. Please contact us at info@interpolitanmoney.com or contact your dedicated relationship manager directly for more information.
  • What are the approved reasons for LRS payments?
    There are over 100 approved reasons for LRS payments, so it’s likely your one will be on the form. There are two different types of permissible remittance under the scheme – Current and Capital Account transactions. Current Account transactions: • Private travel and tourism expenses (other than Nepal and Bhutan). • A gift or donation to an individual or organisation outside India. • A business trip. • Support for close relatives. • Medical treatment. • Overseas education. Capital Account transactions: • Opening up accounts with Interpolitan Money as authorised by the UK FCA. • Purchase of property abroad. • Making investments abroad. • Setting a WOS or a JV for a bona fide business activity. • Extending loans in INR to NRI/OCR relatives, as per the Companies Act 2013 (only interest-free loans with a minimum maturity of one year are allowed).
  • What are the prohibited reasons for LRS remittances?
    Remittance for any purchase that is prohibited/any item restricted under Schedule II of Foreign Exchange Management (Current Account Transactions) Rules, 2000 is not allowed under LRS rules. Some of the main forbidden transactions: • The purchase of lottery tickets/sweepstakes, prescribed magazines, etc. • The fulfilment of margins/margin calls to overseas exchanges or overseas counterparties. • The purchasing of Foreign Currency Convertible Bonds (FCCB) issued by Indian companies in the overseas market. • Foreign exchange speculation. • Capital account remittances, directly or indirectly, to countries identified by the Financial Action Task Force (FATF) as “non-cooperative countries and territories”, unless done with the infrequent permission of the RBI. • A remittance, either directly or indirectly, to individuals and entities identified as posing a significant risk of committing acts of terrorism as advised by the RBI. • Resident Indians cannot us the LRS scheme to make a gift to another resident Indian in foreign currency for the credit of the latter’s foreign currency account held abroad. • Any reason you provide if you are not a resident Indian. Non-resident Indians (NRI) have to comply with separate legal permissions outside of LRS. For example, if you are a tourist returning from India.
  • What else should I know?
    Here are some more things to know about the LRS scheme: • Minors can utilise the scheme, provided they have their legal guardians’ approval. • LRS is not available to non-resident Indians, HUF’s, corporates, partnership firms or trusts. • All the remittances should be routed through designated Authorised Dealers (AD), and no specific approval up to the permitted limit is required from RBI. • The cap of USD 250,000 is for the entire financial year, irrespective of the number of times the amount is remitted abroad.
  • Who is Interpolitan Money for?
    Interpolitan Money provides UK resident and non-resident individuals and businesses with a truly global alternative banking experience. International clients can obtain domiciled accounts in the UK, EEA and other regions with accounts opened in 7-10 working days (subject to compliance). Unlike legacy banks, Interpolitan Money provides dedicated relationship managers who understand their clients’ requirements and deliver a bespoke service to achieve their clients’ global banking objectives. Swift account opening, dedicated relationship managers, multi-jurisdictional accounts, 55+ currencies and payments to 160+ countries all executed seamlessly. If this is what you’re looking for, then Interpolitan Money is right for you. Contact us today at info@interpolitanmoney.com.
  • Can I set up a business account?
    Yes, you can open a business account. There are several ways to open business accounts with Interpolitan Money: • Online. • By emailing us a filled-on paper or PDF application form. If you have any questions or need help, contact us by email at info@interpolitanmoney.com. Our support team is available between 9.00am and 5.30pm UK time.
  • Do you run identity verification checks?
    Yes, all customers need to pass an online identity check at their registered address. This is run automatically when you set up your account and will not affect your credit history in any way. We can confirm your identity by cross-checking your name, address and the date of birth you enter when you sign up against electronic databases made available to us by a trusted verification partner. If the details that you entered match the public/open records available, your account will be instantly verified and become usable. If for any reason we are unable to confirm your details with our partner, you will be asked to provide manual documentation to confirm your identity and address. The verification check references both public databases and credit databases. This is not a check of your credit eligibility, and while a soft search may be performed, this will not affect your credit rating in any way. If you have questions or need help, please contact us at info@interpolitanmoney.com. Our support team is available between 9.00am and 5.30pm UK time.
  • Do you run credit checks?
    We do not run credit checks. You will, however, need to pass online identity checks at your registered address. These checks are run automatically when you set up your account and will not affect your credit score.
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Tailored escrow accounts

As an escrow agent, we help minimise risk by holding funds in escrow for local and global transactions.  

Maintain business growth. 
View and manage upcoming and completed payments.
Automate mass payments online.
Process and issue thousands of payments at a time.
Deal with international mass payments. 
Save time and reduce errors with easy, intelligent file preparation.
Minimise fraud risk and increase transparency.
Reduce currency risk with FX integration and no volume limits.
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24/7

Online Accounts

55+

Currencies

160

Countries

3

Global Offices

FX

Risk Management

Escrow for litigation

We offer corporate-level escrow solutions for class action lawsuits and settlement appeals.  

Class action lawsuits

Interpolitan Money escrow accounts can be used as a qualified settlement fund to hold the settlement amount on behalf of defendants.

Account holders can distribute payments after a class action lawsuit in line with the agreed terms. 

Judgement appeal

During an appeals process, the courts may ask the defendants to deposit some or all of the potential award into an escrow account.

Our escrow accounts can hold funds, giving plaintiffs and defendants the assurance that settlements will be available after the court ruling. 

How
escrow
works

01

The buyer and seller agree to the terms of a transaction. You provide us with the details and terms of the agreement.

02

The buyer deposits their funds into the Interpolitan escrow account, safeguarded by our tier one banking partners.

03

The buyer confirms the agreed goods or services have been received, funds are transferred from the escrow account to the seller.

04

Funds reach the seller on time, eliminating chargeback or debt collection costs. Once the escrow account balance is cleared as per the agreed terms, the escrow agreement is terminated.

Cross-border transactions

We offer a full FX risk-management service and offer 55+ currencies from 160+ countries.

Global network

Our escrow services team has a wealth of experience in executing global transactions with a client base across the UK, EU, Middle East, Asia, US and Latin America.

The team can advise on currency solutions tailored to each client to manage foreign exchange risk and mitigate against currency volatility affecting your escrow transactions.

Global team 

Our London, Mumbai and Dubai offices support a global client base and can open versatile escrow accounts in more than 55 currencies within 7–10 days.

We operate in multiple time zones and jurisdictions and provide each client with a dedicated account manager to help them navigate cross-border transactions and FX exposure.

Global onboarding 

We help our global client base overcome a range of banking barriers.

Our specialists focus on complex accounts, using a fast, efficient KYC process to onboard non-residents and international businesses. Because of this, we can provide fully functional alternative banking solutions in as few as 7-10 days. 

Get in Touch

Daniel Dunne
Vice President
Head of Legal Services

+44 (0)20 8187 5114

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