Common use of Accounts Not Required to Be Reviewed, Identified, or Reported Clause in Contracts

Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Financial Institution elects otherwise, either with respect to all Preexisting Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in the jurisdiction provide for such an election, the following accounts are not required to be reviewed, identified, or reported as Reportable Accounts: 1. Subject to subparagraph E.2. of this section, Preexisting Individual Accounts with a balance or value that does not exceed $50,000 as of 30 June 2014. 2. Subject to subparagraph E.2. of this section, Preexisting Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts with a balance or value of $250,000 or less as of 30 June 2014. 3. Any Depository Account with a balance or value of $50,000 or less.

Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Montserrat Financial Institution elects otherwise, either with respect to all Preexisting Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in the jurisdiction Montserrat provide for such an election, the following accounts are not required to be reviewed, identified, or reported as United Kingdom Reportable Accounts: 1. Subject to subparagraph E.2. of this section, Preexisting Individual Accounts with a balance or value that does not exceed $50,000 as of 30 June 2014. 2. Subject to subparagraph E.2. of this section, Preexisting Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts with a balance or value of $250,000 or less as of 30 June 2014. 3. Any Depository Account with a balance or value of $50,000 or less.