Ebury Adds Escrow and Paying Agent Services

Ebury has added escrow and paying agent services to its financial offerings. The capabilities cover transactions that require third-party fund management or payment administration.

Under an escrow arrangement, funds are held by an independent party until the conditions agreed by the parties to a transaction are met. Paying agent services allow Ebury to distribute funds to designated recipients on a client’s behalf, based on the terms of the transaction.

Ebury did not provide details on when the services were launched, where they are available or which types of transactions they cover.