In any transaction there is risk that some of the parties may not perform. This is a situation over which Standby Finance has no control and, indeed, no involvement by which it could exercise control or guidance.
For this reason, the Client must deposit the Arrangement Fee into Escrow before the Proof of Funds is provided. The entire Arrangement Fee stays in the escrow account until the Proof of Funds account has been verified. When all parties are satisfied with arrangements, the funds are released from Escrow and the term for the Proof of Funds commences.
If you have more questions please contact us.