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 (BPI AMTC)  as the  escrow agent is primarily responsible for the management and release of the escrowed assets 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 money, real estate properties, and securities, among others. 
 
BPI AMTC offers a variety of escrow arrangements to fulfill varying needs ofclients . 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.
 
 
As Escrow agent of both parties involved, we assure our clients that BPI Asset Management and Trust Corporation acts with utmost impartiality.

To know more on how we could be of service to you, feel free to set an appointment or contact us and we will be more than glad to speak 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: 89-100, send an email to bpi_asset_management@bpi.com.ph or write a letter addressed to BPI Asset Management and Trust Corporation - Consumer Protection, 17F, BPI Building, Ayala Ave. cor. Paseo De Roxas, Makati City, 1226.

BPI AMTC as Trustee / Investment Manager is supervised by the Bangko Sentral ng Pilipinas (BSP) with telephone number (632) 708-7087 and e-mail address: consumeraffairs@bsp.gov.ph. To know your rights please refer to BSP Circular No. 857 (Regulations on Financial Consumer Protection).