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Common use of FFI Clause in Contracts

FFI. The term Reporting Model 1 FFI means a Financial Institution with respect to which a non-U.S. government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution treated as a Nonparticipating Financial Institution under the Model 1 IGA.

Appears in 7 contracts

Samples: Corporate Accounts Terms & Conditions, Corporate Accounts Terms & Conditions, Corporate Accounts Terms & Conditions

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FFI. The term Reporting A “reporting Model 1 FFI” means an FFI means a Financial Institution with respect to which a non-U.S. foreign government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution an FFI that is treated as a Nonparticipating Financial Institution nonreporting Model 1 FFI (including a registered deemed-compliant Model 1 IGA FFI) or a nonparticipating FFI under the an applicable Model 1 IGA.

Appears in 5 contracts

Samples: Qualified Intermediary Agreement, Qualified Intermediary Agreement, Qualified Intermediary Agreement

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FFI. The term Reporting Model 1 FFI” means an FFI means a Financial Institution with respect to which a non-U.S. government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution branch of an FFI that is treated as a Nonparticipating Financial Institution reporting financial institution under the an applicable Model 1 IGAIGA and that has registered with the IRS to obtain a GIIN.

Appears in 4 contracts

Samples: Ffi Agreement, Ffi Agreement, Ffi Agreement