CTL also provide escrow services. Escrow Agent monitors the payments and make the payments from escrow accounts as per the agreed terms and conditions
What we do
- Act as Custodian of the Source Code of your critical software applications
- Ensure uninterrupted continuity of your critical operations
- Protect your business from any unforeseen events that may result in customer dissatisfaction
- Connecting link between you and your critical software vendors
- Offer a cost-effective way to implement your Risk Management and Business Continuity plan
- Ensure that the Escrow arrangement is undertaken to the satisfaction of both the parties
Our Expertise
- SEBI-recognized Trusteeship company for its debenture trusteeship activities
- Over two decades of experience in delivering trusteeship services by a unique knowledge pool of IT, Law and Trusteeship Professionals
- Complete Legal and Regulatory consulting for all aspects of software escrow
- Offer a secure location for the source code which complies with best practices and industry requirements
- An ISO:27001 certified company – the most trusted standard for keeping information assets secure
Services Offered
- Drafting & Execution of Escrow Agreements
- Vetting of documents as per the structure of escrow mechanism
- Opening and administration of escrow accounts (Bank/Demat)
- Holding assets in escrow & monitoring (movable: receivables/shares or immovable: land title documents)
- Monitoring of maintenance of Debt Service Reserve Account (DSRA)
- Servicing of interest/principal/payment
- Monitor compliance of escrow terms by all concerned parties
- Assistance in enforcement of security in case of default
- Custodian Services for software Source Code
- Provide legal counseling for Escrow documentation
- Permit periodical updates to the source code
- Execute Software Escrow arrangements in trusted and cost-efficient manner
- Provide Legal conseling for Escrow Documentation