The Trust Account, opened by Funding Societies with DBS Bank Limited (“DBS”), is a designated trust account to hold customers’ funds which is deliberately distinguished and maintained separately from any other Funding Societies account as required under the regulation.

The beneficiaries to this Trust Account are the Funding Societies’ investors, while its oversight is managed by Funding Societies, acting in the best interest of the investors.

The Trust Account setup serves as a strategic mechanism designed to ensure the protection and effective management of the funds placed by the investors. It ensures that the allocated funds are utilized exclusively for purposes mutually agreed upon by the investors, thus upholding an effective segregation from Funding Societies’ own assets and finances.

In our new Trust account configuration, we have introduced a unique Virtual Account (VA) number assigned to each investor's account. The introduction of the personalized VA will enable us to expedite your requested transactions and opens the door to other potential enhancements in the future.

Please note that while funds deposited into the Trust Account are commingled with those of other Funding Societies customers, rest assured that our system diligently maintains accurate records of each investor's available balance, consistent with our longstanding practice.