Common use of Use of IDES as a Data Collection Tool Clause in Contracts

Use of IDES as a Data Collection Tool. The Bahrain Competent Authority may elect to use IDES as a Model 1 Option 2 (“M1O2”) data collection tool for its information exchange pursuant to the IGA. The procedures and methodology for using IDES in this manner are described in greater detail in the FATCA IDES User Guide (IRS Publication 5190). The M1O2 election should be made in writing and delivered to the U.S. Competent Authority prior to the uploading or downloading of information to or from IDES by a Reporting Bahrain Financial Institution or by or on behalf of a Paragraph 1.1.2

Use of IDES as a Data Collection Tool. The Bahrain Kuwait Competent Authority may elect to use IDES as a Model 1 Option 2 (“M1O2”) data collection tool for its information exchange pursuant to the IGA. The procedures and methodology for using IDES in this manner are described in greater detail in the FATCA IDES User Guide (IRS Publication 5190). The M1O2 election should be made in writing and delivered to the U.S. Competent Authority prior to the uploading or downloading of information to or from IDES by a Reporting Bahrain Kuwait Financial Institution or by or on behalf of a Paragraph 1.1.2

Use of IDES as a Data Collection Tool. The Bahrain Qatari Competent Authority may elect to use IDES as a Model 1 Option 2 (“M1O2”) data collection tool for its information exchange pursuant to the IGA. The procedures and methodology for using IDES in this manner are described in greater detail in the FATCA IDES User Guide (IRS Publication 5190). The M1O2 election should be made in writing and delivered to the U.S. Competent Authority prior to the uploading or downloading of information to or from IDES by a Reporting Bahrain Qatari Financial Institution or by or on behalf of a Paragraph 1.1.2