IB Finance HK Escrow Account Service Brochure

Welcome to our Escrow Services Brochure.
This document will explain in detail what Escrow

is all about and how IB Finance can assist you every step of the way.
Escrow, how does it work?

"Escrow: A contractual agreement between transacting parties where an independent
third party receives and disburses money for the transacting parties in accordance with
the provisions of the agreement."
In an ever evolving e-commerce world, IB Finance provides the much needed
confidence for international trade. We offer professional escrow services to businesses
throughout the world, allowing transactions to be undertaken by all parties with
confidence, speed and security whilst benefiting from lower costs than other credit
granting methods, such as a Letter of Credit (LC), Bank Guarantees, Stand By Letter Of
Credits, etc.
Building reliable and profitable trading relationships has traditionally taken a great deal of
time and involved accepting a level of risk that is not within the normal framework of the
business model. In more recent times of economic slowdown which have seen robust and
longstanding businesses struggle to maintain adequate cash flow, the risk of non-payment
and indeed non supply has been painfully highlighted.
Our objective is to promote safe and secure global business transactions, enabling our clients
to conduct their transactions in an efficient and cost effective manner. IB Finance prides itself
on offering an impartial and independent approach to managing your business transactions.
We provide an invaluable platform to help mitigate risk from transactional disputes and
unforeseen cash flow problems with counterparties.
An escrow service offers peace of mind to the transacting parties. In an international
transaction or where there is no trading history, a seller will require the security that their
buyer has sufficient funds available. Conversely, a buyer will demand reassurance that their
seller has the goods or service to deliver. Using IB Finance Escrow, the buyer can eliminate
the need for a deposit or prepayment to the seller or the time consuming and more
expensive arrangement of a Letter of Credit. Our escrow solution offers the framework
necessary to expedite the transaction process in the most cost effective manner.
Unit 10-18, 32/F, Tower 1,Millennium City 1, 388 Kwun Tong Road, Kwun Tong, Kowloon
Tel + 852 3960 6558 fax +852 3972 2211 Web: info@ibf.hk Email: info@ibf.hk
The Advantages of using IB Finance Escrow

Easy to set up an escrow agreement with tailor-made release conditions
Seller is sure that the Buyer has made the money available to the trusted third party;
IB Finance Escrow.
Buyer can be sure that the money will only be released as agreed in the Escrow Agreement
Buyer and Seller can benefit from reduced transaction costs
Buyer and Seller can expedite the end to end transaction process
Ability to enter new markets and benefit from e-commerce trading partners worldwide
IB Finance only uses reputable banks to hold the Escrow Funds
IB Finance is registered with the Financial Services Authority Hong Kong.
The process
When entering into a transaction with new trading partners anywhere in the world, a
company may desire protection for non-payment from a buyer or protection for nonperformance from a seller. A buyer or seller can invite the counterparty to execute their
trading via IB Finance Escrow who will manage the Escrow Agreement. Acting as an
independent third party, IB Finance Escrow provides both the buyer and the seller with a
mechanism that promotes safe and efficient transactions:
Buyers have the opportunity to inspect the goods before instructing IB Finance to pay the
Seller
Sellers are assured that payment is cleared since purchase funds are held by IB Finance
Escrows before the goods are sent.
At IB Finance Escrow, we understand that the advent of e-commerce has opened endless
trading opportunities and we recognise that this has brought with it a new challenge in the
security of those transactions. We have extensive experience in the retail and commercial
financial services sectors along with expertise in international trade. Drawing on these skills
and an entrepreneurial ethos, we are dedicated to offering a professional and reliable escrow
service to support our Clients businesses.
Regulation
IB Finance Ltd is incorporated and registered in Hong Kong with registration number
1684588. We are registered by the Hong Kong C&E under the Payment Services
Regulations. Please see our Security section under services for details.
Case Study 1
A Qatar based Air Conditioning unit manufacturer wanted to sell their units to a German
Property Developer. The German buyer deposited funds with IB Finance Escrow. The
seller delivered the goods to the buyer. The buyer notified IB Finance Escrow that the
goods had been received as per the agreement at which point IB Finance Escrow released
the money held in Escrow to the seller.
Case Study 2
A Hong Kong based Art Dealer wished to acquire a Painting from a vendor in Paris for their
client based in China. The buyer from China deposited the purchase funds with IB Finance
Escrow. The vendor in Paris, under a simultaneous Escrow Agreement, released the Painting
to the Art Dealer's shipping agent. Once the buyer confirmed they had received the Painting,
IB Finance Escrow disbursed the purchase funds to the vendor and the commission to the Art
Dealer. The identity of the Vendor and Buyer were not disclosed directly.
Advantages
During the transaction the seller knows that the buyer has the ability to pay and the buyer
knows that seller has to deliver before receiving payment. This solution is far more secure
than a prepayment to the seller and is less time consuming than obtaining a Letter of
Credit. Using IB Finance Escrow can be considerably cheaper than other credit facilities,
with Escrow Fees beginning from as little as 0.75% of the transaction value.
Clients
IB Finance Escrow works with businesses worldwide, helping execute safe and reliable
transactions across numerous industries and for all types of transactions. We have managed
millions of pounds of Escrow Agreements and have specialist experience in the following
industries:
Brokers
Brokering is a fundamental value added service to the global economy. Brokers are at the
forefront of maximising market penetration for sellers and help reduce procurement costs
for buyers in any industry. We recognise the unique position held by these "information
kings" and support them by offering a unique simultaneous trade platform which reduces
costs to all parties whilst safeguarding the discretion necessary for them to successfully
carry out their function.
International manufacturers and wholesalers
Textiles - Fabric, Clothing and Costume Jewellery
Jewellery - Jewels, Watches and Spectacles &
Sunglasses Healthcare - Contact lenses and Herbal
Remedies Electronics - IT Hardware, Computing,
Gaming and Gadgets Commodities - Oil and Precious,
Base & Scrap Metals Construction - Cement and
Ceramics
Vehicle - Yachts, Aircraft, Cars and Commercial
Advantages
During the transaction the seller knows that the buyer has the ability to pay and the buyer
knows that seller has to deliver before receiving payment. This solution is far more secure
than a prepayment to the seller and is less time consuming than obtaining a Letter of
Credit. Using IB Finance Escrow can be considerably cheaper than other credit facilities,
with Escrow Fees beginning from as little as 0.75% of the transaction value.
Clients
IB Finance Escrow works with businesses worldwide, helping execute safe and reliable
transactions across numerous industries and for all types of transactions. We have managed
millions of pounds of Escrow Agreements and have specialist experience in the following
industries:
Brokers
Brokering is a fundamental value added service to the global economy. Brokers are at the
forefront of maximising market penetration for sellers and help reduce procurement costs
for buyers in any industry. We recognise the unique position held by these "information
kings" and support them by offering a unique simultaneous trade platform which reduces
costs to all parties whilst safeguarding the discretion necessary for them to successfully
carry out their function.
International manufacturers and wholesalers
Textiles - Fabric, Clothing and Costume Jewellery
Jewellery - Jewels, Watches and Spectacles &
Sunglasses Healthcare - Contact lenses and Herbal
Remedies Electronics - IT Hardware, Computing,
Gaming and Gadgets Commodities - Oil and Precious,
Base & Scrap Metals Construction - Cement and
Ceramics
Vehicle - Yachts, Aircraft, Cars and Commercials
What do I need to do?

To register with IB Finance Escrow is quick and free. Once both the Buyer and Seller have
successfully registered with IB Finance Escrow (this can be done online www.ibf.hk) we work
through a simple 5 step process in executing the transaction. We will help to create a tailored
Escrow Agreement to meet the specific needs of your transaction. IB Finance Escrow will hold
the Escrow Funds in custody until the predefined release condition(s) are met.
The Escrow Account is a blocked bank account held by a neutral and financially trusted third
party. This trusted third party, IB Finance Escrow, will distribute the money in the Escrow
Account only on the basis of the Escrow Agreement made between the trading parties. This
means that the Buyer and Seller provide information to IB Finance Escrow and create an
Escrow Agreement. IB Finance Escrow administers the Escrow Agreement whilst holding the
funds in the buyers account. The buyer uses this Escrow Account to deposit the funds while
waiting for the Seller to deliver. IB Finance Escrow releases the final amount from the Escrow
Account after the release conditions, stipulated in the Escrow Agreement, have been met.
1. Buyer, Seller and IB Finance Escrow create and sign the Escrow Agreement
2. Buyer deposits the Escrow Funds. IB Finance Escrow confirm deposit
3. Seller delivers/performs the agreed goods/services
4. Buyer accepts delivery and proof of acceptance is sent to IB Finance Escrow
5. IB Finance Escrow releases the payment to the Seller
How we work
Discounted Process for Brokers
At IB Finance Escrow, we recognise that brokering is a fundamental value added service to
the global economy. Brokers are at the forefront of maximising market penetration for
sellers and help reduce procurement costs for buyers in any industry.
Our bespoke Escrow Agreements help ensure brokers maintain total discretion over their
sources and their earning potential. Our broker process prevents the end Buyer or Seller
from interacting directly and thus enables the broker to control the specifics of the
Transaction.
For this reason, we are pleased to offer a highly competitive and truly bespoke fee
structure for simultaneous buy & sell Transactions. Please contact us for a quote.
Foreign Exchange (FX) services

When trading internationally, businesses will inevitably encounter the potentially
detrimental effects of exchange rate movements. Businesses will often turn away trading
opportunities on the fear of this alone. Furthermore, the exchange rates available at the
banks on the high street are far less favourable than those offered by IB Finance. Add to
these fees and international transfer charges,
the lack of expertise in international payments and it doesn't make for constructive
trading conditions.
Thankfully we can now offer our clients a highly competitive and professional FX service to
help further extend their global reach. The service can be used to both pay foreign
suppliers and also to receive payment from foreign buyers.
Using IB Finance FX service, clients can lock in a fixed exchange rate for a "future" deal
allowing them to accurately assess the profitability of a transaction, something not offered
by high street banks.
Known as a forward contract, this method enables clients to fix an exchange rate up to one
year in advance thereby removing the uncertainty of future currency fluctuations. Forward
contracts are commonly used when purchasing overseas property, especially from
developers, allowing the investor to accurately forecast the cost of the asset in their native
currency.
We also offer clients a more simple service to settle outstanding invoices at the spot rate on
the day, just like you would domestically but with the re-assurance of a swift service and at a
better rate than a high street bank. Whichever it is, just like our bespoke Escrow service, our
FX service will be tailor made to ensure you are trading safely, quickly and more cheaply
than if you were using banks.
Making and receiving payments in foreign currency can be carried out effectively and with
strictly controlled risk provided clients liaise closely with us to take advantage of our
expertise and extensive range of tools to help manage FX transactions. All transaction can be
executed online and in real-time.
Please contact us for more information on how our FX services can help you gain more from
new and existing trading partners.
Sharia compliant escrow services
All businesses will be acutely aware of the current challenges posed by the global economic
slowdown and the banking crisis. What is not so commonly known is that despite the far
reaching consequences of the problems created by the sub-prime mortgage lending in the
USA, there is a section of the banking world that has continued to operate almost
completely unscathed, in fact it has benefited from increased publicity. Islamic banking and
other Sharia compliant financial services and products have even been attracting customers
from conventional banking clients as they have sought a safe haven from the traditional
Western banking practices.
Sharia Law forbids the use of Riba more commonly known as Usary or interest. IB Finance
Escrow is working hard to deliver a service which complies with the tenets of Sharia Law
whereby we will deliver, as we fundamentally do currently, a transparent and legally
binding transaction process coupled with avoidance of interest and any other forbidden or
Haraam activity.
On Line Transaction Processing
Through our online platform at www.ibf.hk you are taking advantage of the true potential
of global trading, 24 hours a day, 7 days a week.
Security
IB Finance is duly registered with the financial authorities in Hong Kong.
Once Clients have completed an Escrow Agreement, the Buyer will be instructed to deposit
the Escrow Funds directly with IB Finance. Account details will be provided at the relevant
stage of the Transaction. This helps to ensure the financial aspect of the Transaction
benefits from the maximum level of security possible.
We will NEVER ask Clients to deposit Escrow Funds via Western Union, Money Gram or any
other third party. If a Client receives any such request claiming to originate from IB Finance
Escrow, please do not respond to it and report it to your local law enforcement immediately.
Please provide IB Finance Escrow with the information so we can help warn and protect all
of our Clients from such threat.

IB Finance HK Escrow Account Service Brochure

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IB Finance HK Escrow Account Service Brochure

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Welcome to our Escrow Services Brochure.

This document will explain in detail what Escrow

Escrow, how does it work?

The Advantages of using IB Finance Escrow

What do I need to do?

Foreign Exchange (FX) services

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