In the case of a trust account (e.g. housing trust account), each Settlor (Trustor) is the Depositor within the limits of its share in the amount held in the account. The Trustee is the Depositor within the limits of the remaining amount. Please note that the sum of all the Depositor claims against the bank or credit union is the basis for the calculation of the amount due from the Fund to the Depositor (see: Question 10).
