My understanding of foreign exchange trust account (trust account), help me see if it is correct.
I think it is the same. According to the relevant regulations, the bank is a third-party custodian and the commercial bank is an independent third party. It establishes a subsidiary ledger of customer transaction settlement funds for trading customers, realizes the directional transfer of customer transaction settlement funds through bank transfer, supervises the customer transaction settlement funds, checks the total amount of customer transaction settlement funds with the subsidiary ledger, and monitors the safety of customer transaction settlement funds. Therefore, members and customers open special fund settlement accounts in clearing banks, and the banks provide custody, clearing and transfer of trading funds to ensure the safety of trading funds.