Common use of Obligations to Obtain and Exchange Information with Respect to Reportable Accounts Clause in Contracts

Obligations to Obtain and Exchange Information with Respect to Reportable Accounts. 1. Subject to the provisions of Article 3, each Party, shall obtain the information specified in paragraph 2 of this Article with respect to all Reportable Accounts and shall annually exchange this information with the other Party on an automatic basis pursuant to the provisions of Paragraph 5a of the TIEA. 2. The information to be obtained and exchanged is: a) With respect to each Reportable Account of each Reporting Financial Institution: (1) the name, address, date of birth and, where available, the National Insurance or Social Security Number that is allocated by the other Party for each Specified Person that is an Account Holder of such account and, in the case of an Entity that, after application of the due diligence procedures set forth in Annex I, is identified as having one or more Controlling Persons that is a Specified Person in the other Party, the name and address of such Entity and the name, address, date of birth and, where available, the National Insurance or Social Security Number that is allocated by the other Party for each such Specified Person; (2) the account number (or functional equivalent in the absence of an account number); (3) the name of the Reporting Financial Institution and, where provided when registering with the U.S. Internal Revenue Service for FATCA purposes, the Global Intermediary Identification Number (GIIN). Where the Reporting Financial Institution does not have a GIIN the local tax identification number of the Reporting Financial Institution must be reported instead; (4) the account balance or value (including, in the case of a Cash Value Insurance Contract or Annuity Contract, the Cash Value or surrender value) as of the end of the relevant calendar year or other appropriate reporting period or, if the account was closed during such year, immediately before closure; (5) in the case of any Custodial Account: (A) the total gross amount of interest, the total gross amount of dividends, and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar year or other appropriate reporting period; and (B) the total gross proceeds from the sale or redemption of property paid or credited to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Financial Institution acted as a custodian, broker, nominee, or otherwise as an agent for the Account Holder; (6) in the case of any Depository Account, the total gross amount of interest paid or credited to the account during the calendar year or other appropriate reporting period; and (7) in the case of any account not described in subparagraph 2.a)(5) or 2.a)(6) of this Article, the total gross amount paid or credited to the Account Holder with respect to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Financial Institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the Account Holder during the calendar year or other appropriate reporting period.

Obligations to Obtain and Exchange Information with Respect to Reportable Accounts. 1. Subject to the provisions of Article 3, each Party, the Turks and Caicos Islands shall obtain the information specified in paragraph 2 of this Article with respect to all United Kingdom Reportable Accounts and shall annually exchange this information with the other Party United Kingdom on an automatic basis pursuant to the provisions of Paragraph 5a of the TIEA. 2. The information to be obtained and exchanged is: a) With respect to each United Kingdom Reportable Account of each the Reporting Turks and Caicos Islands Financial Institution: (1) the name, address, date of birth and, where available, the UK National Insurance or Social Security Number that is allocated by the other Party for of each Specified United Kingdom Person that is an Account Holder of such account and, in the case of an Entity that, after application of the due diligence procedures set forth in Annex I, is identified as having one or more Controlling Persons that is a Specified Person in the other PartyUnited Kingdom Person, the name and address of such Entity and the name, address, date of birth and, and where available, the UK National Insurance or Social Security Number that is allocated by the other Party for of each such Specified United Kingdom Person; (2) the account number (or functional equivalent in the absence of an account number); (3) the name of the Reporting Turks and Caicos Islands Financial Institution and, where provided when registering with the U.S. Internal Revenue Service for FATCA purposes, the Global Intermediary Identification Number (GIIN). Where the Reporting Turks and Caicos Islands Financial Institution does not have a GIIN the a local tax identification number of reference for the Reporting Financial Institution must should be reported instead; (4) the account balance or value (including, in the case of a Cash Value Insurance Contract or Annuity Contract, the Cash Value or surrender value) as of the end of the relevant calendar year or other appropriate reporting period or, if the account was closed during such year, immediately before closure; (5) in the case of any Custodial Account: (A) the total gross amount of interest, the total gross amount of dividends, and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar year or other appropriate reporting period; and (B) the total gross proceeds from the sale or redemption of property paid or credited to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Turks and Caicos Islands Financial Institution acted as a custodian, broker, nominee, or otherwise as an agent for the Account Holder;. (6) in the case of any Depository Account, the total gross amount of interest paid or credited to the account during the calendar year or other appropriate reporting period; and (7) in the case of any account not described in subparagraph 2.a)(5) or 2.a)(6) of this Article, the total gross amount paid or credited to the Account Holder with respect to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Turks and Caicos Islands Financial Institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the Account Holder during the calendar year or other appropriate reporting period.

Obligations to Obtain and Exchange Information with Respect to Reportable Accounts. 1. Subject to the provisions of Article 3, each Party, shall obtain the information specified in paragraph 2 of this Article with respect to all Reportable Accounts and shall annually exchange this information with the other Party on an automatic basis pursuant to the provisions of Paragraph 5a 10 of the TIEADTA. 2. The information to be obtained and exchanged is: a) With respect to each Reportable Account of each Reporting Financial Institution: (1) the name, address, date of birth and, where available, the National Insurance or Social Security Number that is allocated by the other Party for each Specified Person that is an Account Holder of such account and, in the case of an Entity that, after application of the due diligence procedures set forth in Annex I, is identified as having one or more Controlling Persons that is a Specified Person in the other Party, the name and address of such Entity and the name, address, date of birth and, where available, the National Insurance or Social Security Number that is allocated by the other Party for each such Specified Person; (2) the account number (or functional equivalent in the absence of an account number); (3) the name of the Reporting Financial Institution and, where provided when registering with the U.S. Internal Revenue Service for FATCA purposes, the Global Intermediary Identification Number (GIIN). Where the Reporting Financial Institution does not have a GIIN the local tax identification number of the Reporting Financial Institution must be reported instead; (4) the account balance or value (including, in the case of a Cash Value Insurance Contract or Annuity Contract, the Cash Value or surrender value) as of the end of the relevant calendar year or other appropriate reporting period or, if the account was closed during such year, immediately before closure; (5) in the case of any Custodial Account: (A) the total gross amount of interest, the total gross amount of dividends, and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar year or other appropriate reporting period; and (B) the total gross proceeds from the sale or redemption of property paid or credited to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Financial Institution acted as a custodian, broker, nominee, or otherwise as an agent for the Account Holder; (6) in the case of any Depository Account, the total gross amount of interest paid or credited to the account during the calendar year or other appropriate reporting period; and (7) in the case of any account not described in subparagraph 2.a)(5) or 2.a)(6) of this Article, the total gross amount paid or credited to the Account Holder with respect to the account during the calendar year or other appropriate reporting period with respect to which the Reporting Financial Institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the Account Holder during the calendar year or other appropriate reporting period.