GLAS

GLAS is an independent agent and trustee for complex financial transactions, and it offers cash escrow in the main currencies. The exact currency list is provided on request.

Services

• Escrow agent
• Loan agency
• Trustee

Complex deals such as syndicated loans, restructurings and acquisitions often need a neutral party that holds money, administers payments and acts on instructions from lenders or counterparties. This is the role the company describes.

Features

The company supports escrow accounts that are opened in advance, a dedicated deal manager and, where needed, accelerated KYC. Having accounts ready before signing shortens the path to closing, and a named manager gives one point of contact on the deal.

Onboarding

KYC and an agreed escrow agreement are required before funds are accepted.

Terms to confirm

Fees, account structure, banking partners, minimum deal size, jurisdictions and the regulatory status of the contracting entity are not given. They should be requested for the specific transaction.