The Escrow Account could be defined as an interest bearing account where are accumulated and kept the founds representing good performance security of the works, according to a contract concluded between two parties, one of them being the client of the bank (in general between a contractor and the beneficiary of the respective works).

This account as well as the funds kept there will be administrated in accordance with the Opening of an escrow account agreement, which will be concluded between the three parties involved (including the Bank) in the opening of the account.