Sandy,

We did decide to do a sort of escrow account (technically not called that,
but colloquially the same sort of thing) with one of our subscription
vendors this year.  Not sure what it gained us, not sure if we'll do it
again for our 2005 subscriptions, but we did do it.

Kim

Kim Maxwell
Serials Acquisitions Librarian
Massachusetts Institute of Technology
MIT Libraries, Room 14E-210
77 Massachusetts Ave.
Cambridge, MA 02139-4307
phone: 1-617-253-7028
fax:   1-617-253-2464
email: kmaxwell@mit.edu

At 11:42 AM 3/22/2004 -0500, Sandra Berestka wrote:
>Dear all,
>
>In light of the recent Faxon bankruptcy, I was wondering if any of you are
>now using escrow accounts or some other means of protecting your college's
>money with serial vendors?  I'm not asking for confidential account
>information, just an idea of what others are doing.
>
>We are considering our options here at Mount Holyoke and are curious what
>paths others may or may not have taken.
>
>Thank you in advance for your replies.
>
>Sandy Berestka
>
>Sandra Berestka                                    sberestk@mtholyoke.edu
>Director of Serials and Acquisitions Services      phone: (413)-538-2435
>Mount Holyoke College                              fax:   (413)-538-2370
>South Hadley, MA  01075