In the realm of trade, there often arise intriguing opportunities with unfamiliar business counterparts. While these propositions may appear financially enticing, the crucial question arises: How can you be certain about the identity and credibility of the individuals or entities you are about to engage with?

The conventional methods involve relying on credit reports from prior dealings or resorting to do-it-yourself online searches. However, these approaches often fall short in instilling genuine confidence. The pressing concern persists: Can you genuinely ascertain that the party you are entering into business with is indeed who they claim to be?

Our approach employs a structured model comprising distinct stages, enabling you to manage costs, mitigate risks, and operate securely:

1. Basic Profiling:
   • This initial step provides confirmation that the party you're dealing with is genuine. It furnishes additional insights into their business history, turnover, and key personnel.
2. Risk Assessment:
   • For those instances where substantial financial commitments are at stake, this stage involves a thorough evaluation of the trustworthiness of your prospective partner. We delve into their track record and scrutinize past instances of fraud, if any, offering a clear picture of the associated risks.
3. Research:
   • When a promising opportunity raises some concerns, we step in to investigate further. Our team conducts discreet inquiries and in-person verifications to uncover any concealed issues, culminating in a comprehensive report.
4. Recovery:
   • In the unfortunate event that you engage with a party without conducting due diligence and subsequently fall victim to financial fraud, we spring into action. Our experts perform thorough investigations into the organization and individuals responsible for the fraud, identify their vulnerabilities, and develop an efficient and cost-effective legal recovery strategy.

With our staged approach, you gain the assurance you need to navigate the intricate world of trade, ensuring that your investments are safeguarded and your business dealings are founded on trust and transparency.

Arguably the purest form of Financial Escrow, is the Trade Escrow sub-division, where the key goal of the service is to ensure a particular transaction between two parties goes smoothly.

In most instances, this appears in transactions of goods, where a particular shipment of goods is linked to the execution of payment. Services, however, are certainly not excluded, provided there are clear and objectively observable deliverables to be verified.

• Procedure (simplified)
  • Buyer delivers deposit of funds
  • WorldEscrow verifies reception of funds
  • Seller ships goods/delivers service
  • WorldEscrow verifies reception of goods/services
  • IF verification successful: funds are released to seller
  • IF verification unsuccessful: funds are returned to buyer
• Characteristics
  • Guaranteed availability of funds to seller
  • Guaranteed (correct) delivery of goods/buyers to buyer
  • Secured overall transaction
• WorldEscrow guarantees:
  • Availability of funds
  • Independent verification of goods/service

Often related to the Trade Escrow service, Paymaster services task the Escrow agent with the proper distribution of a set of funds in a series of payments. Generally, these dossiers are attached to a sales agreement between parties, brokered by commissioners, they guide a series of smaller buying parties to one large selling party, or distribute funds over a longer sales chain, originating from a single buyer.

In any of these cases, the core is a single large sum of funds to be distributed according to a specific determination over multiple smaller entities.

• Procedure (simplified)
  • Buyer delivers deposit of funds
  • WorldEscrow verifies reception of funds
  • Intermediaries provide services
  • WorldEscrow verifies reception of services
  • Seller delivers goods/services
  • WorldEscrow verifies reception of goods/services
  • IF verification successful:
    • Relevant funds are released to seller
    • Relevant funds are distributed over relevant intermediary(ies)
  • IF verification unsuccessful:
    • Funds are withheld until success or conflict management is resolved (for intermediaries)
    • Funds are returned to buyer (for seller)
• Characteristics
  • Guaranteed availability of funds to all parties involved
  • Guaranteed (correct) delivery of goods/buyers to buyer
  • Secured overall transaction
  • Full transaction chain drawn and managed in one solution
• WorldEscrow guarantees:
  • Availability of funds
  • Independent verification of goods/service
  • Only registered intermediaries have right to funds

The idea of the BC Financial Escrow, is simply put the concept of a security deposit on rented equipment. The only main difference in this case is that, instead of rented equipment, the security deposit is established on key outsourced infrastructure or services, which need to remain in operation for the company’s products to have any transferability.

A typical set-up of a BC Financial Escrow arrangement is thus in conjunction with a Technology Escrow, generally for a SaaS or AI based product where data storage is outsourced to external server providers, but it could be any product relying on a regular yet essential outsourced service (such as maintenance agreements for ATM machines, critical or custom parts being sourced outside of the main manufacturer, etc.).

The solution is that an estimate is made on the cost of the essential service over a certain period of time, in order to minimise disruption of service for the beneficiaries of the technology escrow in case of the supplier defaulting. A sum, equal to that amount, is then set aside for the explicit sole purpose of covering the essential outsourced services’ expense in the event of a failing. This sum is regularly updated to reflect the latest going rates.

• Procedure (simplified)
  • WorldEscrow technology escrow is activated
  • Key outsourced elements are identified
  • Recovery period is defined
  • Funds required to maintain service are deposited
  • Separate agreement entered into with secondary service provider
  • IF release occurs cfr. Technology Escrow, agreement activates, and WorldEscrow pays for period agreed upon
• Characteristics
  • Guaranteed period of continued service
  • Damage control and Disaster recovery essential
• WorldEscrow guarantees:
  • Availability of funds
  • Independent verification of release conditions
  • Separate arrangement with secondary service provider

As an integral part of our comprehensive service offerings, we extend due diligence solutions that involve profiling potential trading partners. We accomplish this by collaborating with a seasoned enhanced due diligence firm.

Our presentation on due diligence

Our chosen partner boasts an impressive track record, with over 14 years of experience catering to high net worth investors, law firms, hedge funds, and select corporations. Noteworthy clients in their portfolio encompass a subsidiary of the Portuguese central bank, two prominent French CAC 40 companies, and even the esteemed US Department of Commerce. They have consistently delivered court-ready evidence in numerous cases, maintaining an impeccable 100 percent success rate.

In the realm of trade, there often arise intriguing opportunities with unfamiliar business counterparts. While these propositions may appear financially enticing, the crucial question arises: How can you be certain about the identity and credibility of the individuals or entities you are about to engage with?

The conventional methods involve relying on credit reports from prior dealings or resorting to do-it-yourself online searches. However, these approaches often fall short in instilling genuine confidence. The pressing concern persists: Can you genuinely ascertain that the party you are entering into business with is indeed who they claim to be?

Our approach employs a structured model comprising distinct stages, enabling you to manage costs, mitigate risks, and operate securely:

1. Basic Profiling:
   • This initial step provides confirmation that the party you're dealing with is genuine. It furnishes additional insights into their business history, turnover, and key personnel.
2. Risk Assessment:
   • For those instances where substantial financial commitments are at stake, this stage involves a thorough evaluation of the trustworthiness of your prospective partner. We delve into their track record and scrutinize past instances of fraud, if any, offering a clear picture of the associated risks.
3. Research:
   • When a promising opportunity raises some concerns, we step in to investigate further. Our team conducts discreet inquiries and in-person verifications to uncover any concealed issues, culminating in a comprehensive report.
4. Recovery:
   • In the unfortunate event that you engage with a party without conducting due diligence and subsequently fall victim to financial fraud, we spring into action. Our experts perform thorough investigations into the organization and individuals responsible for the fraud, identify their vulnerabilities, and develop an efficient and cost-effective legal recovery strategy.

With our staged approach, you gain the assurance you need to navigate the intricate world of trade, ensuring that your investments are safeguarded and your business dealings are founded on trust and transparency.