Controlled Account is an account appointed by the issuer and managed by PowerPower, aiming to control and manage funds sufficiently for expenses and debt repayments when due.
In cases where there is excess funds, PowerPower allows the issuer to utilize them for other business operations.
The conditions for a controlled account are as follows:
1. Customers of the issuer deposit money into the account.
2. PeerPower deducts funds to repay investors when there are sufficient balances.
3. After repaying investors, PeerPower allows the issuer to transfer the remaining funds for other purposes.
For example:
- An issuer loaned 15 million baht from the trade debtor for a period of 90 days.
- On the 70th day, the customer pays 20 million baht into the controlled account.
- PowerPower deducts 15 million baht and interest to repay to the investors.
- PowerPower allows the issuer to transfer the remaining 5 million baht for business operations.
Remark: Controlled Account is not a guarantee of payment capability and it is not a guarantee that investors will receive money back as scheduled. Investment involve risks. Investors should read prospectus each before making investment decision
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