15 years of escrow legislation: 867 billion baht in transactions

Data released by the Fiscal Policy Office (FPO) has shed light on the impact of escrow legislation over a 15-year span. According to an anonymous FPO source, escrow service transactions during this period totalled a hefty 867 billion baht, the majority of which were linked to capital market transactions.

The Escrow Account Act came into effect in 2008, and from then until the second quarter of the current year, the collective worth of escrow service transactions hit an impressive 867 billion baht. Capital market transactions made up the lion’s share of this total, contributing 862 billion baht or 99.5% of the overall value. Product and service purchase transactions, on the other hand, made up a mere 0.38% of the total, accounting for 3.3 billion baht.

Real estate…