Product Name

Escrow Service

Akad

Ijarah

Customer Category

Non Individual

Product Detail

Escrow Services are provision and management services provided by Bank Muamalat which acts as Escrow Agent/Escrow Agent to the Customer to carry out the rights and obligations stipulated in the Agreement made by the Customer and the Customer's partners

Benefit

• Customer Business Transaction Policies can be implemented independently
• Maintaining the Trust of the parties doing business
• Avoiding operational risks on the customer's side

Product Feature

• Financing Escrow Agency, namely providing Escrow Agency services for bilateral and syndicated loan facilities in USD and IDR.
• Share/Asset Acquisition and Divestment, namely providing Payment Agent services for companies that carry out asset acquisition/sale transactions and divestments.
• Revenue/Cost Sharing Transaction, namely providing Payment Agent services for companies that carry out revenue and cost sharing transactions

Term & Condition

• Non-individual corporate customers who have a checking account at Bank Muamalat.
• The Customer or Prospective Customer fills out and signs the application for opening a current account along with the relevant documents that apply to Bank Muamalat
• The customer is required to submit the underlying agreement of the transaction or cooperation carried out by the customer with the customer's partners which then requires the placement and management of funds from the transaction or cooperation in the Escrow Account.
• The customer is required to draw up and sign an Escrow Service Agreement with the Customer's partners or provide written approval from the Customer's partners for the appointment of Bank Muamalat by the Customer as an Escrow Agent.
• The customer is required to make, sign and submit to Bank Muamalat a Standing Instruction instructing Bank Muamalat to manage funds for Escrow Services in accordance with the provisions of the Escrow Service Agreement.
• The Customer and the Customer's partners complete the data of each Officer authorized to represent the Customer and the Customer's partners in signing the Escrow Service Agreement. according to the format in Appendix 1 and Appendix 5.
• Have read and understood the contents of the Escrow Service Agreement which includes details of Escrow Services and Escrow Service.

Fee

USD. 5.000 / Year

1

Q

What are the Escrow Service Features at Bank Muamalat?

A

• Financing Escrow Agency, namely providing Escrow Agency services for bilateral and syndicated loan facilities in USD and IDR.
• Share/Asset Acquisition and Divestment, namely providing Payment Agent services for companies that carry out asset acquisition/sale transactions and divestments.
• Revenue/Cost Sharing Transaction, namely providing Payment Agent services for companies that carry out revenue and cost sharing transactions

2

Q

How much is the Escrow Service fee at Bank Muamalat?

A

USD. 5.000 / Tahun

3

Q

What are the Benefits of using Escrow Services at Bank Muamalat?

A

• The Customer's Business Transaction Policy can be implemented independently
• Maintaining the Trust of the parties doing business
• Avoiding operational risks on the customer's side