Escrow

This page describes the Escrow Protocol of Open Treasury.

Financial Intermediation using Escrow accounts of the Open Treasury.

Any escrow opened in the Foundation's Treasury on behalf of two or more members, constitutional bodies, program or project committees must only be opened when:

a. Collateral Guarantees have been deposited in the favour of the applicable Fiscal Host.

b. There is no pending consequence/action/proceedings/community proposal of an Open Tribunal Mediation and Arbitration exercise.

c. Risk Exposure from Escrow is minimized and diffused on any other accounting charter of the Open Treasury.

d. Independent grounds for meeting the obligations of an Escrow should be in place before opening the Escrow.

Read more on Open Trust, Exchange and Open Accounting.