Examples of US Financial Institution in a sentence
The term Participating FFI also includes a qualified intermediary branch of a Reporting U.S. Financial Institution, unless such branch is a Reporting Model 1 FFI.
Payments must be made to the Issuer in U.S. dollars drawn on a U.S. Financial Institution.
A Direct Contract PDP Applicant generally must forward confirmation of its establishment and maintenance of an insolvency deposit of at least $100,000, to be held in accordance with CMS requirements by a qualified U.S. Financial Institution.
All payments made to the investors of the Financial Institution (other than holders of a de minimis interest) are either cleared through a clearing organization or custodial institution that is a participating Financial Institution, reporting Model 1 Financial Institution, or U.S. financial institution or made through a transfer agent that is a participating Financial Institution, reporting Model 1 Financial Institution, or U.S Financial Institution.
If any such Financial Account is discovered, the Financial Institution must either report that account as though the Financial Institution were a Reporting UK Financial Institution, or close the account, or transfer the account to a Participating Foreign Financial Institution, Reporting Model 1 Foreign Financial Institution or a US Financial Institution.
The term “Reporting Financial Institution” means a Reporting Indian Financial Institution or a Reporting U.S. Financial Institution, as the context requires.
Where such accounts are identified, they must be closed, or transferred to a Participating Foreign Financial Institution, Reporting Model 1 Foreign Financial Institution or a US Financial Institution or the Financial Institution must report those accounts as if it were a Reporting UK Financial Institution.
A trust established under the laws of Singapore to the extent that the trustee of the trust is a Reporting U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI and reports all information required to be reported pursuant to the Agreement with respect to all U.S. Reportable Accounts of the trust.
GIIN applied for but not yet issued.7. US Financial Institution Global Intermediary Identification Number (GIIN) A GIIN is a unique ID number that non-US financial institutions receive from the IRS when they register as a financial institution for FATCA.
The Trust is Trustee documented (UK Trusts Only) For UK resident Trusts that are Investment Entities where the Trustee of the Trust is a Reporting Model 1 Foreign Financial Institution, Participating Foreign Financial Institution or Reporting US Financial Institution, and the Trustee reports all information required with respect to all U.S. Reportable Accounts of the Trust, the Trust itself will be treated as a Non-Reporting UK Financial Institution and will not be required to register with the IRS.