Common use of Paper Record Search Clause in Contracts

Paper Record Search. If the Reporting Irish Financial Institution’s electronically searchable databases include fields for and capture all of the information identified in subparagraph D.3 of this section, then no further paper record search is required. If the electronic databases do not capture all of this information, then with respect to High Value Accounts, the Reporting Irish Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting Irish Financial Institution within the last five years for any of the U.S. indicia identified in subparagraph B.1 of this section:

Paper Record Search. If the Reporting Irish Financial InstitutionInsti- tution’s electronically searchable databases include fields for and capture cap- ture all of the information identified in subparagraph D.3 of this section, then no further paper record search is required. If the electronic elec- tronic databases do not capture all of this information, then with respect to High Value Accounts, the Reporting Irish Financial Institution Insti- tution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting Irish Financial Institution within the last five years for any of the U.S. indicia identified in subparagraph B.1 of this section: