Singapore legislation
Regulation 10
of Variable Capital Companies (Court-Ordered Winding Up) Regulations 2026
Regulation 10
Discount
Subregulation 1
Subject to paragraph (2), a creditor proving the creditor’s debt must deduct from the claim all trade and other discounts that would have been available to the VCC or sub‑fund but for the VCC’s or sub‑fund’s liquidation.
Subregulation 2
The creditor is not required to deduct any discount (not exceeding 5% on the net amount of the creditor’s claim) for immediate, early or cash settlement of the creditor’s claim.