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Old 3rd Apr 2002, 14:39
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Desk-pilot
 
Join Date: Mar 2001
Location: UK
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OATS payment terms

I was chatting to OATS the other day about their Integrated and modular options and indicated I was uncomfortable with handing over £20000 up front (if you include the deposit) and the next £30 000+ in the next 6 months.

I'm not suggesting they are not financially secure - but in light of the demise of SFT last year and all the advice to beware handing over loads of cash I find it incredible that what is probably the UK's leading FTO has a non-negotiable attitude to payment.

The lady I spoke with had no idea what an escrow account was either and their attitude seemed to be pay up or p*ss off which didn't impress.

Has anybody ever managed to find a safer way of paying them?

Desk-pilot
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