Commitments of the Customer related to the U.S. tax obligations. 1. U.S indicia under the U.S Foreign Account Tax Compliance Act (FATCA):
a. For individual customers: Individual customers have one of the following U.S. indicia as follows: − U.S. citizen or U.S. permanent resident holding green card or U.S resident (physically presenting/living in the U.S for more than 31 days in 01 year and more than 183 days in 03 years); − U.S. Place of birth; − U.S. residence address or a U.S. correspondence address (including a U.S post office box); − U.S. telephone number; − Standing instructions to pay any sum from the account to an account maintained in the U.S.; − "In care of" or "hold mail" address is the sole address of the Customer in the U.S.; − Power of attorney or signatory authority granted to a person with a U.S address; − Related persons of individual customers have one of above U.S indicia of: + The above individual customers (in case Related persons are individuals); or + Institutional customers under Point b, Clause 1 of this Article (in case Related persons are institutions);
b. For institutional customers: Institutional customers have one of the following U.S. indicia as follows: − Hold U.S. business licenses and 100% owned by a U.S. citizen; − Incorporated in the U.S.; − U.S. registered office or a U.S. correspondence address (including a U.S post office box); − U.S. telephone number; − Standing instructions to pay any sum from the account to an account maintained in the U.S.; − "In care of" or "hold mail" address is the sole address of the Customer in the U.S.; − Power of attorney or signatory authority granted to a person with a U.S address; − Controlling persons of institutional customers have one of above U.S indicia of: + Individual customers specified in Point a, Clause 1 of this Article (in case Controlling persons are individuals); or + The above institutional customers (in case Controlling persons are institutions);
2. The Customer and Related persons confirm that the information provided in the Additional information form for customers with U.S. indicia is true, accurate and complete.
3. By ticking the appropriate box under “Information required under U.S. Tax Law” in that form, they declare their tax status according to U.S. Tax Law. They understand that a false statement or misrepresentation of their tax status may lead to penalties under U.S. Tax Law, including Foreign Account Tax Compliance Act (FATCA) and they agree that they shall be liable for any penalties.
4. The Customer and Related persons agr...
