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Alphabetical Glossary

O

A run-down of all of the relevant glossary terms beginning with "O"...

Office of Financial Sanctions Implementation (OFSI)

OFSI is the UK government body responsible for implementing and enforcing financial sanctions, sitting within HM Treasury. A practical compliance guide.
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OS&E

OS&E (or 'Operating Supplies and Equipment') is a key acronym often encountered in the property and construction sector. It is similar to FF&E.
Learn more
dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.
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Choosing an Escrow Agent for Multi-Million Pound Deals
Bespoke Projects
Escrow

Choosing an Escrow Agent for Multi-Million Pound Deals

Choosing an escrow agent for a multi-million pound transaction requires more than basic due diligence. Here is what sophisticated clients should assess first.
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Why choose a UK escrow agent for cross-border transactions?
Corporate
Escrow

Why choose a UK escrow agent for cross-border transactions?

A UK-based escrow agent offers legal certainty, neutrality and practical advantages, including the benefit of operating in the GMT time zone for international coordination.
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What Is an Escrow Agent and Why Choosing the Right One Matters
Legal & Dispute Resolution
Escrow

What Is an Escrow Agent and Why Choosing the Right One Matters

What an escrow agent does, how they differ from banks and lawyers, and why London-based escrow specialists like dospay offer superior protection.
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What Is a Planning & Development Escrow Account?
Real Estate
Escrow

What Is a Planning & Development Escrow Account?

Planning & Development Escrow accounts support Section 106 obligations, secure phased payments, and mitigate financial risk in UK planning law.
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What is a Shipyard Escrow and why is it used?
Marine
Escrow

What is a Shipyard Escrow and why is it used?

Used in yacht and ship construction and refit projects, they are essential for managing risk in milestone-based marine contracts.
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What Is a Decommissioning Escrow Account and When Is It Needed?
Real Estate
Escrow

What Is a Decommissioning Escrow Account and When Is It Needed?

How decommissioning escrow accounts work, and why they’re critical for long-term liability planning.
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What is FF&E in Interior Design & Construction Projects?
Construction
Third-Party Managed Accounts

What is FF&E in Interior Design & Construction Projects?

A guide for private clients and developers on how the design, specification and procurement of furniture, fixtures and equipment works.
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Which Banks Offer Executor Accounts in the UK (2026)
Private Client & Family Office
Third-Party Managed Accounts

Which Banks Offer Executor Accounts in the UK (2026)

Options, requirements and alternatives to high-street executor bank accounts.
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Divorce Escrow: Holding funds during the sale of matrimonial assets
Private Client & Family Office
Escrow

Divorce Escrow: Holding funds during the sale of matrimonial assets

Professional escrow services provide an impartial solution for holding sale proceeds during divorce proceedings, avoiding issues with solicitors’ client accounts and SRA rules.
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Negotiating Procurement Fees for FF&E
Construction
Third-Party Managed Accounts

Negotiating Procurement Fees for FF&E

Structuring FF&E procurement fees for high-value design projects to improve transparency, track budgets, and reduce risk effectively.
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Why Lenders Prefer Project Bank Accounts in Construction Finance
Construction
Third-Party Managed Accounts

Why Lenders Prefer Project Bank Accounts in Construction Finance

Lenders increasingly prefer project bank accounts in construction finance due to enhanced control, transparency, and reduced credit risk.
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How Do I Find a (UK) Escrow Agent/Service?
Bespoke Projects
Escrow

How Do I Find a (UK) Escrow Agent/Service?

We explain the key differences between the various escrow services available in the UK.
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Topics
FF&E / OS&E Procurement
High-Value Dealers and Interior Design
Escrow Accounts
Aircraft Purchase Escrow (UK)
Arbitration Security Escrow
Art Purchase Escrow
Construction Escrow
Construction Retentions Escrow
Cross-Border Escrow
Decommissioning Escrow
Divorce Escrow
Jet Card Escrow
Licence to Alter Escrow
Marine Sale & Purchase Escrow
Mergers & Acquisitions ('M&A') Escrow
Pension Deficit Escrow
Planning & Development Escrow
Security for Costs Escrow
Shipyard Escrow
Third-Party Managed Accounts (TPMA's)
Cladding Safety Scheme Trust Accounts
Corporate PayMaster Accounts
FF&E Procurement Accounts
Household PayMaster Accounts
M&A Paying Agents
Probate & Executor Accounts
Project Bank Accounts
Settlement Distribution Agent Services
TPMA's for Direct Access Barristers
TPMA's for Legal Fees on Account
Zero-Fee Payment & Escrow Schemes
Glossary
Adjoining Owner
Anti-Money Laundering (AML)
Bank of England
Bar Standards Board (BSB)
Beneficial Owner
Beneficiary
Building Owner
Client Money Rules for Barristers (BSB Handbook)
Client Money Rules (SRA)
Counter-Terrorist Financing (CTF)
Customer Due Diligence (CDD)
DiPPA
Enhanced Due Diligence (EDD)
Escrow
Escrow Agent
Estate Administration
Estate Administrator
Executor
Executor Account
FF&E
Financial Conduct Authority (FCA)
Financial Services Compensation Scheme (FSCS)
Grant of Probate
High-Value Dealer (HVD)
KYB
KYC
KYT
Letters of Administration
Licence to Alter
Office of Financial Sanctions Implementation (OFSI)
OS&E
Owner (Party Wall Act)
Party Wall
Party Wall Act
Party Wall Award
Party Wall Escrow
Politically Exposed Person (PEP)
Probate
Probate Registry
Project Bank Account
Prudential Regulation Authority (PRA)
Record-Keeping
Safeguarding
Sanctions Screening
Security for Expenses
Segregation
Solicitors Regulation Authority (SRA)
Source of Funds
Source of Wealth
Surveyor
Third Surveyor
TPMA
Trustee
Trust Protector
UBO
Frequently Asked Questions
Are escrow agents regulated in the UK?
Are my Security for Expenses deposits safe?
Can escrow be used for personal transactions?
Can I withdraw money from an escrow account?
Do Escrow Accounts Earn Interest in the UK?
How much does an escrow account cost?
How much Security For Expenses should I be asked to deposit?
How much should be deposited in a Construction Escrow account?
Is Escrow Used in the UK? | UK Escrow Services Explained
Is Security for Expenses the same as Party Wall Escrow?
What are Party Wall Security for Expenses used for?
What is an escrow agreement?
What is a project escrow?
What is Party Wall Security for Expenses?
What is the difference between an escrow and a payment service?
Who owns the money in an escrow account?
Who pays escrow fees in a typical escrow transaction?
Trust & Impact
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© 2026 DOS & Co. Ltd.
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dospay is a trading name of DOS & Co. Ltd, a company registered in England and Wales with company number 08294966.
DOS & Co. Ltd. is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 833374) for the provision of payment services.
All of our GBP escrow and third-party managed accounts are segregated and safeguarded at the Bank of England.