Partner Financial Institution definition

Partner Financial Institution or “PFI” means commercial banks, microfinance institution networks, national development funds including the Burkinabe Fund for Economic and Social Development (“FBES”) and the Small and Medium Scale Financing and Promotion Agency (“AFP/PME”) and non-banking financing institutions, selected on the basis of terms of reference, qualifications and experience satisfactory to the Association and in accordance with the provisions of Procurement Regulations, for the payment of Matching Grant to Matching Grant Beneficiaries.
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Examples of Partner Financial Institution in a sentence

  • If a Preexisting Individual Account is not a High Value Account as of December 31, 2013, but becomes a High Value Account as of the last day of a subsequent calendar year, the Reporting [FATCA Partner] 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 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 section being associated with the account, then the Reporting [FATCA Partner] Financial Institution must treat the account as a U.S. Reportable Account unless subparagraph B (4) of this section applies.

  • If a Preexisting Individual Account is a High Value Account as of December 31, 2013, the Reporting [FATCA Partner] Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014.

  • A Reporting [FATCA Partner] Financial Institution may not rely on a self-certification or documentary evidence if the Reporting [FATCA Partner] Financial Institution knows or has reason to know that the self-certification or documentary evidence is incorrect or unreliable.

  • A Reporting [FATCA Partner] Financial Institution must implement procedures to ensure that a relationship manager identifies any change in circumstances of an account.

  • Unless the Reporting [FATCA Partner] Financial Institution elects otherwise, where the implementing rules in [FATCA Partner] provide for such an election, Preexisting Entity Accounts with account balances that do not exceed $250,000 as of December 31, 2013, are not required to be reviewed, identified, or reported as U.S. Reportable Accounts until the account balance exceeds $1,000,000.

  • For purposes of determining the balance or value of accounts denominated in a currency other than the U.S. dollar, a Reporting [FATCA Partner] Financial Institution must convert the dollar threshold amounts described in this Annex I into such currency using a published spot rate determined as of the last day of the calendar year preceding the year in which the Reporting [FATCA Partner] Financial Institution is determining the balance or value.

  • In all other cases, a Reporting [FATCA Partner] Financial Institution must obtain a self-certification from the account holder to establish the account holder’s status.

  • Once a Reporting [FATCA Partner] Financial Institution applies the enhanced review procedures set forth above to a High Value Account, the Reporting [FATCA Partner] Financial Institution will not be required to re- apply such procedures, other than the relationship manager inquiry in subparagraph D (4) of this section, to the same High Value Account in any subsequent year.

  • In such a case, [FATCA Partner] shall obtain and include in the exchanged information the date of birth of the relevant person, if the Reporting [FATCA Partner] Financial Institution has such date of birth in its records.