Services
Escrow, Settlement, and Client Accounts
Three services, one objective: make the movement and safekeeping of business funds predictable, auditable, and compliant.
Hold funds with full contractual certainty
Ikrik Exchange holds counterparty funds in a client-segregated account until every condition of the underlying agreement has been verified and met. The funds never touch our operating accounts — they are ring-fenced from receipt to disbursement.
Our escrow structure is suitable for M&A milestone payments, commercial property transactions, supply-chain advance payments, and any multi-party arrangement where one side needs the confidence that funds exist before performing. We are not a law firm; we are the neutral financial intermediary.
Every escrow account carries its own IBAN, transaction history, and statement. Our operations team monitors balances daily and generates reconciliation reports that can be shared directly with your auditors or counterparties.
What is included
- Dedicated IBAN for each escrow arrangement
- Real-time balance and transaction statements
- Daily reconciliation with exception reporting
- Instruction-based or condition-based release
- Full audit trail retained for regulatory purposes
Net and disburse at scale
Ikrik Exchange specialises in high-volume bilateral and multilateral settlement runs — particularly for international telecom interconnect balances and multi-party marketplace disbursements. We act as the central settlement entity, netting obligations and disbursing the net amounts.
For telecom carriers, this means monthly or bilateral interconnect reconciliation executed through a single escrow intermediary, eliminating the need for bilateral correspondent banking relationships across dozens of jurisdictions. We calculate the net position and settle the residual.
Our settlement infrastructure handles multi-currency positions, applies agreed netting rules, produces itemised remittance advice for each counterparty, and delivers complete settlement statements for accounting and regulatory reporting.
What is included
- Bilateral and multilateral netting calculations
- Multi-currency position management
- Itemised remittance advice per counterparty
- Scheduled or on-demand settlement cycles
- Settlement statements for accounting and audit
Sub-accounts with full banking functionality
Ikrik Exchange issues client bank accounts — sub-accounts under our master banking relationship — that carry their own IBAN, maintain independent ledger balances, and generate full statements. These are not virtual accounts in a pooled structure: each account has a distinct, addressable IBAN that counterparties can pay to directly.
Client accounts are typically used by businesses that need a UAE-held account for receiving payments from international counterparties, holding working capital outside their home jurisdiction, or maintaining a dedicated receipt account for a particular revenue stream or project.
Every account has the same compliance standing as the master relationship. Onboarding includes KYC and KYB on the account holder. Ongoing AML monitoring is applied at the account level.
What is included
- Dedicated IBAN issued in the client's name
- Independent balance and transaction history
- PDF statements on-demand or scheduled monthly/quarterly
- Outbound transfers on client instruction
- AML monitoring and compliance reporting at account level
Frequently asked questions
Ready to move money with certainty?
Our compliance team typically completes onboarding within five business days.