Third-Party Fund Administrator

TradeSafe is now an approved Third-Party Fund Administrator (TPFA) with Standard Bank of South Africa Ltd.

As an optional feature to transacting parties, TradeSafe Escrow has the capability of opening a call account in the underlying buyer's name at Standard Bank. This means that the funds will be safeguarded in the name of the buyer under TradeSafe's control. TradeSafe will encumber these funds and the funds will only be released to the seller once the contract condition precedents have been fulfilled.