Common use of Identification and Documentation of Account Holders Clause in Contracts

Identification and Documentation of Account Holders. A participating FFI is required to determine the chapter 4 status of each holder of an account maintained by the participating FFI and to identify each account that is a U.S. account, non-U.S. account, account held by a recalcitrant account holder, or account held by a nonparticipating FFI. For this purpose, the participating FFI is required to apply the due diligence procedures for accounts to the extent, and in the manner, required under

Identification and Documentation of Account Holders. A participating FFI is required to determine the chapter 4 status of obtain such information re- xxxxxxx each holder of an each account maintained by the participating FFI and to identify determine whether each account that is a U.S. account, non-U.S. account, account or an account held by a recalcitrant account holder, holder or account held by a nonparticipating FFI. For this purpose, the non- participating FFI is required to apply in accordance with the due diligence procedures for accounts to the extent, identi- fying and documenting account holders described in the manner, required underparagraph (c) of this sec- tion.