Ignite Destinations

Incentive Travel Report 2015

Our virtual "stockroom" of destination guides are loaded with insider tips and information to make planning your next meeting or event a breeze.

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The client receives an invoice showing the total advance deposits and fees. The client wires funds to Meeting Escrow that are held in a segregated bank account in the currency in which funds are to be paid to the supplier-partner. An integrated foreign exchange service ensures a cost-eŸec- tive conversion of originating funds. Lastly, the supplier-part- ner receives international wire transfers for deposit payments on the exact dates indicated by the contract. So far, the company oŸers US dollar, Canadian dollar and Euro segregated accounts with more to follow as clients require. Pricing for the service is based on a combination of a ˜xed monthly or annual maintenance fee plus a per program fee charged as a percentage of the total deposits being protected. Helen van Dongen, CMP, CMM, principal of The Meeting Works based in Hamilton, says the industry is rife with hor- ror stories of absconded funds. "This idea makes total sense, even though you get assurances from trusted sources, Meeting Escrow is basically an insurance policy that ensures that event funds are going to the right person at the right time for your program." Katherine Wright, CMP, CMM, of The Wright Solution Event Management Inc., based in Toronto, agrees. "If I pay 100 per cent up-front for a program, what is my recourse if something goes wrong? Whether I'm paying the bill or my client is, this service would at least signal that I've done my due diligence." Meeting Escrow is backed by $5 million in liability coverage through Lloyds/Special Risk and Royal Sun Alliance (RSA). For more information visit meetingescrow.com incentive travel report Works based in Hamilton, says the industry is rife with hor- ror stories of absconded funds. "This idea makes total sense, even though you get assurances from trusted sources, Meeting Escrow is basically an insurance policy that ensures that event funds are going to the right person at the right time for your Katherine Wright, CMP, CMM, of The Wright Solution Event Management Inc., based in Toronto, agrees. "If I pay 100 per

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