Participating Escrow Bank Agreement Sample Contracts

This Participating Escrow Bank Agreement (“Agreement”), dated this day of

Participating Escrow Bank Agreement • May 5th, 2020 • Illinois

• Contract Type
  Participating Escrow Bank Agreement
• Filed
  May 5th, 2020
• Jurisdiction
  Illinois

WHEREAS, Bank desires to participate in the Program, under which, in order to cover their obligations as writers of option contracts issued by OCC, customers of Bank may from time to time deposit with Bank, in escrow, cash and/or securities, and Bank may in turn effect escrow deposits of such cash and securities with OCC (“Deposits”), and effect withdrawals or “roll overs” of such Deposits;