Escrow is the term used when assets are held by a neutral third party on behalf of two contracting
parties, subject to a transaction (such as a contract of sale) between them being completed, until
certain obligations or conditions under the agreement have been met.
As an escrow agent, Sovereign will hold commodity or funds in an escrow account at a bank in
Turkey on behalf of clients in accordance with the terms and conditions of an escrow agreement,
until we receive the appropriate instructions or until predetermined contractual obligations have
been fulfilled.
This service can be applied to straightforward or complicated agreements involving domestic or
multi-currency, multi-jurisdictional transactions within varied accounting and legal frameworks.
