Common use of Additional Procedures Applicable to High Value Accounts Clause in Contracts

Additional Procedures Applicable to High Value Accounts. 1. If a Preexisting Individual Account is a High Value Account as of Decem- ber 31, 2013, the Reporting Swiss Financial Institution must complete the en- hanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014. If based on this review, such account is iden- tified as a U.S. Account, the Reporting Swiss Financial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the account. For all subsequent years, information about the account should be reported on an annual basis. 2. If a Preexisting Individual Account is not a High Value Account as of De- cember 31, 2013, but becomes a High Value Account as of the last day of a subse- quent calendar year, the Reporting Swiss Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account within six months after the last day of the calendar year in which the account becomes a High Value Account. If based on this review, such account is identified as a U.S. Account, the Reporting Swiss Financial Institution must re- port the required information about such account with respect to the year in which it is identified as a U.S. Account and subsequent years on an annual basis. 3. Once a Reporting Swiss Financial Institution applies the enhanced review procedures set forth above to a High Value Account, the Reporting Swiss Financial Institution shall not be required to re-apply such procedures , other than the rela- tionship manager inquiry in subparagraph D (4) of this section, to the same High Value Account in any subsequent year. 4. If there is a change of circumstances with respect to a High Value Account that results in one or more U.S. indicia described in subparagraph B (1) of this sec- tion being associated with the account, then the Reporting Swiss Financial Institu- tion must treat the account as a U.S. Account unless subparagraph B (4) of this section applies. 5. A Reporting Swiss Financial Institution must implement procedures to en- sure that a relationship manager identifies any change in circumstances of an ac- count. For example, if a relationship manager is notified that the Account Holder has a new mailing address in the United States, the Reporting Swiss Financial In- stitution shall be required to treat the new address as a change in circumstances and shall be required to obtain the appropriate documentation from the Account Holder.

Additional Procedures Applicable to High Value Accounts. 1. If a Preexisting Individual Account is a High Value Account as of Decem- ber 31June 30, 20132014, the Reporting Swiss Financial Institution must complete the en- hanced enhanced review procedures described in paragraph D of this section with respect to such account by June 30, 2015. If, based on this review such account is identified as a U.S. Account on or before December 31, 2014. If based on this review, such account is iden- tified as a U.S. Account, the Reporting Swiss Financial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the account, and on an annual basis thereafter. For all subsequent yearsIn the case of an account identified as a U.S. Account after December 31, 2014 and on or before June 30, 2015, the Reporting Swiss Financial Institution is not required to report information about such account with respect to 2014, but must report information about the account should be reported on an annual basisbasis thereafter. 2. If a Preexisting Individual Account is not a High Value Account as of De- cember 31June 30, 20132014, but becomes a High Value Account as of the last day of a subse- quent subsequent calendar year, the Reporting Swiss Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account within six months after the last day of the calendar year in which the account becomes a High Value Account. If based on this review, such account is identified as a U.S. Account, the Reporting Swiss Financial Institution must re- port report the required information about such account with respect to the year in which it is identified as a U.S. Account and subsequent years on an annual basis. 3. Once a Reporting Swiss Financial Institution applies the enhanced review procedures set forth above to a High Value Account, the Reporting Swiss Financial Institution shall not be required to re-apply such procedures procedures, other than the rela- tionship relationship manager inquiry in subparagraph D (4) of this section, to the same High Value Account in any subsequent year. 4. If there is a change of circumstances with respect to a High Value Account that results in one or more U.S. indicia described in subparagraph B (1) of this sec- tion section being associated with the account, then the Reporting Swiss Financial Institu- tion Institution must treat the account as a U.S. Account unless subparagraph B (4) of this section applies. 5. A Reporting Swiss Financial Institution must implement procedures to en- sure ensure that a relationship manager identifies any change in circumstances of an ac- countaccount. For example, if a relationship manager is notified that the Account Holder has a new mailing address in the United States, the Reporting Swiss Financial In- stitution Institution shall be required to treat the new address as a change in circumstances and shall be required to obtain the appropriate documentation from the Account Holder.

Additional Procedures Applicable to High Value Accounts. 1. If a Preexisting Individual Account is a High Value Account as of Decem- ber De- cember 31, 2013, the Reporting Swiss Danish Financial Institution must complete the en- hanced enhanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014. If based on this review, review such account is iden- tified identified as a U.S. Reportable Account, the Reporting Swiss Financial Danish Fi- nancial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the accountAccount. For all subsequent sub- sequent years, information about the account should be reported on an annual basis. 2. If a Preexisting Individual Account is not a High Value Account as of De- cember December 31, 2013, but becomes a High Value Account as of the last day of a subse- quent subsequent calendar year, the Reporting Swiss Danish Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account within six months after the last day of the calendar year in which the account becomes a High Value Account. If based on this review, review such account is identified as a U.S. Reportable Account, the Reporting Swiss Danish Financial Institution must re- port report the required information about such account with respect to the year in which it is identified as a U.S. Reportable Account and subsequent years on an annual basis. 3. Once a Reporting Swiss Danish Financial Institution applies the enhanced review re- view procedures set forth above to a High Value Account, the Reporting Swiss ▇▇▇- ish Financial Institution shall not be required to re-apply such procedures procedures, other oth- er than the rela- tionship relationship manager inquiry in subparagraph D (4) of this section, to the same High Value Account in any subsequent year. 4. If there is a change of circumstances with respect to a High Value Account Ac- count that results in one or more U.S. indicia described in subparagraph B (1) of this sec- tion section being associated with the account, then the Reporting Swiss Danish Financial Institu- tion Institution must treat the account as a U.S. Reportable Account unless un- less subparagraph B (4) of this section applies. 5. A Reporting Swiss Danish Financial Institution must implement procedures to en- sure ensure that a relationship manager identifies any change in circumstances of an ac- countaccount. For example, if a relationship manager is notified that the Account Holder account holder has a new mailing address in the United States, the Reporting Swiss Danish Financial In- stitution Institution shall be required to treat the new address as a change in circumstances and shall be required to obtain the appropriate documentation from the Account Holderaccount holder.