The amount raised depends on the number of participating transactions and the amounts held in escrow accounts associated with these transactions. SRS Acquiom will contribute up to a 24 basis points (annual rate) donation on funds held in escrow. For perspective, a number you’ll see in our materials is $1 billion in aggregate participating escrows triggering a $3 million contribution to the program in total. That is derived by taking 20 basis points (the average of 16 bps and 24 bps) as a blended annual rate and applying it to $1 billion in deposits for 18 months. The more the M&A community comes together around this program, the greater the impact we can have.
Posted in: EscrowUP