Common use of ACCOUNT OPENING FORM Clause in Contracts

ACCOUNT OPENING FORM. CALL BACK DISCLAIMER FATCA Annexure Controlling Persons - are defined as natural persons who exercise control over an entity. In the case of a Trust this means – Non-participating foreign financial institution - An FFI that does not enter into an agreement with the IRS is referred to as a “non-participating foreign financial institution” (NPFFI), and is subject to withholding under FATCA. Participating foreign financial institution - An FFI that enters into a FFI agreement with the IRS is referred to as a “participating foreign financial institution” (PFFI).