ESCROW AGENCY

ESCROW AGENCY


An escrow is a tripartite arrangement consisting of two transacting parties and an escrow agent.  BPI Asset Management and Trust Corporation as the escrow agent is primarily responsible for the management and release of the escrowed asset/s relative to the stipulated conditions as provided by the transacting parties in the escrow agreement. Assets held in an escrow may be in the form of cash, real estate properties, and securities, among others.
 
As escrow agent for the parties involved, we assure our clients that BPI Asset Management and Trust Corporation acts with utmost impartiality.

A number of escrow arrangements are available to fulfill the varying needs of clients. Among these arrangements are:
 
 
Type of Escrow Arrangement Purpose
Buy and Sell To ensure the delivery by the Seller of the property for sale and the payment by the Buyer of a specified sum.
Housing and Land Use Regulatory Board (HLURB) To comply with the conditions set by the HLURB in granting developers a license to sell.
Bureau of Internal Revenue (BIR) To comply with the requirements of BIR in order to avail of the 6.00% Capital Gains Tax (CGT).
Philippine Overseas Employment Administration To comply with the requirements of POEA for license applications and renewals.
Customized To accommodate other arrangements specified and agreed upon by the transacting parties.
 
 
To know more on how we can best be of service to you, please feel free to contact us so we can set an appointment and have a meaningful discussion with you.
 

BPI Asset Management and Trust Corporation (BPI AMTC) is a subsidiary of the Bank of the Philippine Islands. For any inquiries and complaints relating to our services and products, you may call our hotline:(02) 8580-AMTC (2682), send an email to bpi_asset_management@bpi.com.ph or write a letter addressed to BPI Asset Management and Trust Corporation Consumer Protection, 7/F BPI Buendia Center Sen. Gil J. Puyat Avenue, Makati City 1209.
 
BPI AMTC as Trustee / Investment Manager is regulated by the Bangko Sentral ng Pilipinas (BSP) with  e-mail address: consumeraffairs@bsp.gov.ph.