Common use of Aggregation of Individual Accounts Clause in Contracts

Aggregation of Individual Accounts. For purposes of determining the aggregate balance or value of Financial Accounts held by an individual, a Reporting Slovenian Financial Institution is required to aggregate all Financial Accounts maintained by the Reporting Slovenian Financial Institution, or by a Related Entity, but only to the extent that the Reporting Slovenian Financial Institution’s computerized systems link the Financial Accounts by reference to a data element such as client number or taxpayer identification number, and allow account balances or values to be aggregated. Each holder of a jointly held Financial Account shall be attributed the entire balance or value of the jointly held Financial Account for purposes of applying the aggregation requirements described in this paragraph 1.

Appears in 2 contracts

Samples: Agreement, Agreement

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Aggregation of Individual Accounts. For purposes of determining the aggregate balance or value of Financial Accounts held by an individual, a Reporting Slovenian Serbian Financial Institution is required to aggregate all Financial Accounts maintained by the Reporting Slovenian Serbian Financial Institution, or by a Related Entity, but only to the extent that the Reporting Slovenian Serbian Financial Institution’s computerized systems link the Financial Accounts by reference to a data element such as client number or taxpayer identification number, and allow account balances or values to be aggregated. Each holder of a jointly held Financial Account shall be attributed the entire balance or value of the jointly held Financial Account for purposes of applying the aggregation requirements described in this paragraph 1.

Appears in 2 contracts

Samples: Agreement, Agreement

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Aggregation of Individual Accounts. For purposes of determining the aggregate balance or value of Financial Accounts held by an individual, a Reporting Slovenian Financial Institution of Montenegro is required to aggregate all Financial Accounts maintained by the Reporting Slovenian Financial InstitutionInstitution of Montenegro, or by a Related Entity, but only to the extent that the Reporting Slovenian Financial InstitutionInstitution of Montenegro’s computerized systems link the Financial Accounts by reference to a data element such as client number or taxpayer identification number, and allow account balances or values to be aggregated. Each holder of a jointly held Financial Account shall be attributed the entire balance or value of the jointly held Financial Account for purposes of applying the aggregation requirements described in this paragraph 1.

Appears in 1 contract

Samples: home.treasury.gov

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