Qualified Settlement Funds Solutions
Esquire is the “Bank of Choice” for settlement account programs related to mass tort and class action settlements. Our dedicated team has extensive background in the administration of qualified settlement fund accounts managing hundreds of settlements for billions of dollars. You may be able to borrow against your settlement fee by establishing Esquire as the qualified settlement fund administrator.
Qualified Settlement Loan
We have extensive experience in establishing and managing Qualified Settlement Fund Accounts and have developed a suite of solutions, including a QSF loan product.
Understanding the important principles of capital preservation and the Trustee’s fiduciary responsibilities is key to our successful program.
Features
- Clear understanding of the Master Settlement Agreements (MSA) and related confidentiality and non-disclosure elements of the MSA
- Customized QSF Account Applications & Investment Agreement
- In-depth understanding of blocked account agreements and related release documents
- Understanding of release documents protocol
- Positive pay services to help protect your firm against fraud
- Remote deposit capture services
- Access to a suite of cash management services and fraud prevention tools
Class Action Settlements
At Esquire Bank, you’ll find the cash management solutions you need to manage class action claims, delivered by a dedicated and experienced team that streamlines the account opening process to make it fast, simple and cost-efficient.
Features
- Access to our positive pay fraud prevention tool
- Anytime, anywhere, account access with online and mobile banking
- Competitive relationship pricing model that leverages balances to substantially offset or eliminate fees
- Streamlined account opening process with minimal documentation
- Responsive and accessible client support
- Access to a suite of cash management services and fraud prevention tools
Common Benefit Fee Loan
Your firm worked tirelessly as a leader in a mass tort litigation. The court has approved your request for common benefit fees but this can sometimes take years for the disbursement to be approved. Esquire knows this process very well and we can help your firm gain access to a portion of your expected fees.
Features
- Term up to two years
- Advance rates up to 50% of the firm’s unpledged fee amount
- Principle repayment tied to firm’s fee payment
- Highly competitive rates and fees, typically better than non-bank finance companies
- Positive pay services to help protect your firm against fraud
- Remote deposit capture services
- Access to a suite of cash management services and fraud prevention tools
Settled Case Loan
Gain access to your firm’s fee income while awaiting payment with a settled case loan from Esquire Bank. You have worked hard to settle the case, now you can access your hard-earned fee in advance and save on interest with our competitive rate and relatively low fees.
Features
- Term up to two years
- Advance rates up to 50% of the firm’s unpledged fee amount
- Principle repayment tied to firm’s fee payment
- Highly competitive rates and fees, typically better than non-bank finance companies
- Positive pay services to help protect your firm against fraud
- Remote deposit capture services
- Access to a suite of cash management services and fraud prevention tools
