Escrow account for securities settlement

Giving our clients the opportunity to participate in stock market by trading securities on the stock exchange.

Providing individual investor as well as institutional investor clients with the opportunity to settle securities trading through SPECIAL ESCROW ACCOUNTS. If your brokerage company has an agreement to cooperate with XacBank, you have the right to open an ESCROW account. General features of an ESCROW account are:

• To execute settlements of your buy or sell trading orders of securities;
• To have access to reports of funds and account statements in real-time.

Advantages:

• Remote access to your account: through our internet banking and mobile banking services, customers can deposit funds, as well as to administer and check their accounts remotely;
• Full review your funds: securities trading settlements can only be made through your account, and only you have full remote access to your account;
• Save time: You can access your accounts by either visiting the XacBank branch nearest to you or using our e-banking and mobile banking services.

Fees and commissions:

*Service fees are applicable in the case of 10 or more transactions in a month.

Required documents:

• Application form for opening an Escrow account /Bank official form/;
• Copy of intermediary agreement /An agreement concluded with brokerage company/;
• For legal entities, a notarized copy of a State Registration Certificate;
• Notarized signature form of an authority and stamp /Bank official form/;
• Copy of ID card or a passport of an authority.

For more information, please contact us at our customer service hotline 1800-1888 or e-mail us at corporatebanking@xacbank.mn