An escrow administered by an independent, third-party agent can play an important role in ensuring security and alleviating risks to parties engaging in a business transaction. As the number and type of complex and innovative financing mechanisms increase, the use of escrow arrangements to implement these transactions has also increased. Maintaining a carefully drafted (and regularly updated) form or template escrow agreement is an important tool for a bank to provide comprehensive and streamlined escrow services while also adhering to internal risk management guidelines as an ongoing concern. Continue reading >