Escrow solutions engineered for complex financial transactions.
Turn to Comerica’s Special Corporate Financial Services (SCFS) for an objective third party to facilitate parties in complex financial transactions – bringing you order and peace of mind. SCFS provides subaccounting routines to receive, segregate, invest, and disburse funds related to complex financial transactions that require the experience of a truly independent third party. You get the appropriate written agreements necessary to cover the needs of all interested parties in a single, unifying document.
SCFS has engineered the escrow concept and customized it by integrating it with other traditional banking services. We also make it possible for you to do business today and defer the recognition and allocation of funds ownership and the resulting tax implications until a given future date or event, regardless of fiscal or calendar year end issues. Proprietary subaccounting routines segregate ownership of managed funds held in a single bank account by beneficiaries, which can afford significant FDIC advantages.
How can our services help you?
- For merger and acquisition situations and corporate divestitures, SCFS offers services that facilitate our customers' "warranty and representation" and indemnification obligations, safekeeping/custody services for stock certificates and source codes, stock redemption/stock swap/stock purchase, plus key management retention packages and severance package escrows.
- SCFS provides a reliable mechanism to assure future vendor payments for manufacturers/wholesalers invoices, advertising costs, freight expenses, etc.
- SCFS provides cost-saving alternatives to letters of credit situations, sets up stock subscription and private placement services, creates deferred commission payment services, holds stock certificates and exchanges them for cash, stock or a mix thereof.
- SCFS will work with you to provide a structure to achieve a qualified deferral, strategic reinvestment into the replacement property, and a competitive return on the tax deferred proceeds.
Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation.