Escrow account requirement secures delisting consideration and authorises the manager to operate funds and guarantees. Escrow account requirement mandates the acquirer to open an interest bearing escrow account with a Scheduled Commercial Bank after shareholder approval, deposit an initial portion of the total consideration, and enter a tripartite agreement with the Manager and the Bank authorizing the Manager to operate the account. The escrow may be cash, a bank guarantee, or both; the Manager may instruct transfers and issue banker's cheques for payment. Additional sums must be deposited when the discovered price is accepted to ensure full payment, and the regulations prescribe staged release of funds if the delisting offer fails and validity of bank guarantees until all payments are made.