An escrow is a financial arrangement where an impartial third party (escrow agent) safeguards the assets/funds until the parties involved fulfill their obligations. With China Bank-Trust and Asset Management Group as your escrow agent, you are assured that:
ESCROW ARRANGEMENTS
For Individuals/Proprietors
China Bank Escrow Agency - Buy and Sell
Buy or sell real estate properties, shares of stocks, or other valuable assets with confidence. China Bank will collect, hold, and only disburse funds when both buyers and sellers are satisfied.
For Individuals Selling Their Principal Residence
China Bank Escrow Agency – Capital Gains
If you intend to use the proceeds of the sale of your principal residence to buy or build a new one within 18 months, you may be exempted from the capital gains tax imposed by the Bureau of Internal Revenue (BIR). China Bank will hold the funds intended for capital gains tax and disburse them to you when the conditions of the escrow are met.
For Recruitment Agencies Deploying Workers Abroad
China Bank Escrow Agency – POEA
Prior to the grant or renewal of license to operate, the Philippine Overseas & Employment Administration (POEA) requires deposit to be placed in escrow to address possible claims of overseas Filipino workers due to employment contract violations. China Bank will handle the safekeeping, investment, and maintenance of the escrowed fund until either the POEA or the National Labor Relations Commission (NLRC) orders its full or partial release.
For Property Developers
China Bank Escrow Agency – DHSUD
An escrow arrangement required by the Housing and Land Use Regulatory Board (HLURB) for granting a License to Sell.
For Individuals/Proprietors/Corporations
China Bank Escrow Agency - Buy and Sell
Buy or sell real estate properties, shares of stocks, or other valuable assets with confidence. China Bank will collect, hold, and only disburse funds when both buyers and sellers are satisfied.
Please contact our Account Trust and Asset Management Group at 885-xxxx or email us at tamg-corp@chinabank.ph and one of our Trust Relationship Officers will be happy to assist you.
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