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?