Do you still be puzzled by the definition and description of the concept of trust? “In addition, the authorities should be able to verify the trust account at any time to ensure that there is no criminal fraud or fraud prejudicial to the lender.” In other words, the existence of fiduciary officers is not limited to the management of funds, but also ensures that the parties to the transaction meet their obligations and obtain their rights. The third party is involved as an agent who insures the assets that were granted by the first part for the second part. For example, in an online business transaction, an agent receives a certain amount of money paid by the buyer for goods he purchased after being added to the postage. The money is housed in the trust account for a while, until the seller delivers the goods to the buyer. If the buyer has received the merchandise he bought from the seller, the agent distributes the money to the seller. Do you have questions about other definitions of trust (common account)? Leave your comments below. If you have any questions, please ask your questions in the column below. Our financial planner is ready to help, thank you. To better understand loyal or shared accounts, we look at the main functions. The Trust Account in Indonesian is referred to as a common “recrator.” The definition of the receiver account is an account used to hold special funds that are acquired with the funds, with certain conditions, in accordance with the agreement between the depositor and the interested party. In principle, a receiver account is made available to improve security in online transactions when the parties involved in the transaction are not face to face. This trust account service system has received a positive response from the public, as it is considered capable of reducing the number of fraud cases occurring in online shopping and selling transactions.
Simply put, the fiduciary account can be understood as an account made available by a third party to hold funds and distribute them to parties involved in online transactions. These third parties are called agents. The existence of fiduciary officers not only manages the funds, but also ensures that the parties to the transaction meet their obligations and obtain their rights. Eskro is a legal agreement in which an object (usually in the form of money, but also any other object) is stored by a third party. In the bank, there is a term called a receiver account (temporary account), this account is used to store money or money until the terms of the business agreement can be fulfilled. The party that manages this account is designated as an agent. If this article is useful for you, share it now with your friends, who are always confused about the term Treuhand and sun. Not only as an agent, but escrow also contains its definition as an account or account that is used together to improve security in online transactions. It`s pretty unfortunate because Blackpanda`s reputation itself is very good. Blackpanda has fiduciary services that are satisfactory and responsive. Many sellers and buyers use this agent repeatedly without restrictions. However, many parties argued that the money that should have been transferred to the seller was instead withheld by Blackpanda, whose value is close to RP 600 million.
“Ensuring that all financing is executed properly assumes that trust accounts increase lenders` confidence in direct credit activities,” said Iwan Kurniawan, Chief Operations Officer of Modalku.