MANDATES AND COMMISSIONS

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 Escrow Accounts

The settlor contributes liquid resources to an account opened in the name of the trust, in order to guarantee to a third party (trustee) the fulfillment of a credit obligation in its favor. It is the ideal vehicle for “hunting bets” subject to the fulfillment of a condition, an event, a certain date, etc. (purchase of land in installments, purchase of land to free ejidos or liens, purchase of machinery, etc.).

Conditioned Depocits

Contract under which the client (depositor) delivers a certain amount of money to the trustee (depositary), who is obliged to receive it, to guard it and to deliver it to the beneficiary once a certain condition is fulfilled. If such condition is not fulfilled within a set period, the resources are returned to the depositor.