Capital market leader for escrow transactions

Fiscal Policy Office (FPO) data reveals for the 15-year period the country has had escrow legislation, escrow service transactions tallied 867 billion baht, mainly attributed to capital market transactions, according to an FPO source who requested anonymity.

From the introduction of the Escrow Account Act in 2008 through the second quarter of this year, the total value of transactions for escrow services tallied 867 billion baht.

Capital market transactions accounted for 862 billion baht, or 99.5% of the total value, while product and service purchase transactions tallied 3.3 billion, or 0.38% of the total value.

Real estate transactions accounted for 852 million baht, or 0.10% of the total transaction…