Terms and Definitions

 

Terms, definitions and how they span (or do not span) US Treasury FATCA, the IGAs and the Common Reporting Standard (CRS), which is a core component of the OECD’s Automatic Exchange of Information aka “GATCA”.

501(c) Organizations
Account
Account Holder
Account Number
Active NFE/ Active NFFE
AES
AML Due Diligence
AML/KYC Procedures
Annuity Contract
Assumes primary withholding responsibility
Backup Withholding
Beneficial owner
Blocked account
Branch
Broad Participation Retirement Fund
Broker
CA
Cash Value
Cash Value Insurance Contract
Central Bank
Central Securities Depository (CSD)
Certified deemed-compliant FFI
Certified deemed-compliant FFI with only low-value accounts
Certified deemed-compliant investment advisors and investment managers
Certified deemed-compliant limited life debt investment entity
Certified deemed-compliant nonregistering local bank
Certified deemed-compliant sponsored, closely held investment vehicle
Change in circumstances
Chapter 3
Chapter 4
Chapter 4 reportable amount
Chapter 4 status
Chapter 4 Withholding rate pool
Clearing organization
Closed Account
Collateral Accounts
Complex trust
Compliance FI
Consolidated obligations
Controlling Persons
CRL
Custodial Account
Custodial Institution
Customer master file
Deemed-compliant FFI
Deferred annuity contract
Depository account
Depository Institution
Direct Reporting NFFE (DR-NFFE)
Documentary Evidence
Documentation
Dormant account
Effective date of the FFI agreement
Election to be withheld upon
Electronically searchable information
Employer Identification Number (EIN)
Entity
Entity account
Entity wholly owned by exempt beneficial owners
Equity Interest
Escrow Account
Excepted inter-affiliate FFI
Excepted NFFE
Excepted nonfinancial entity in liquidation or bankruptcy
Excepted nonfinancial start-up company
Excepted territory NFFE
Excluded Account
Execution-Only Broker
Exempt Beneficial Owner
Exempt Collective Investment Vehicle
Exempt retirement plans
Expanded Affiliated Group
Expanded Affiliated Group (EAG) or FFIs
FATCA ID
FATF
FATF-compliant jurisdiction
FCPA
FFI
FFI Agreement
Financial Account
Financial Asset
Financial Institution (Fl) [also see Foreign Financial Institution]
Flow-through entity
Flow-through withholding certificate
Foreign Account Tax Compliance Act (FATCA)
Foreign entity
Foreign Financial Institution (FFI) [also see Financial Institution]
Foreign government, government of a US possession, or foreign central bank of issue
Foreign passthru payment
Foreign payee
Foreign person
Form 8957
FTP
Global Intermediary Identification Number (GIIN)
Governmental Entity
Grandfathered obligation
Grantor trust
Gross proceeds
Group annuity contract
Group insurance contract
HCTA
High Value Account
Holloway Contract
HTTPS
IDES
IGA
Immediate annuity
Indicia
Individual account
Insurance company
Insurance contract
Intergovernmental Agreement (IGA)
Intermediary
Intermediary withholding certificate
International Organization
Investment Entity
Investment-linked annuity contract
Investment-linked insurance contract
IRS
IRS FFI list
Lead (Lead Fl)
Life annuity contract
Life insurance contract
Limited Branch
Limited FFI
Local Foreign Financial Institution
Lower Value Account
Member Fl (Member)
Model 1 IGA
Model 2 IGA
Narrow Participation Retirement Fund
New Account
New Entity Account
New Individual Account
NFE (also see NFFE)
NFFE (also see NFE)
Non-Exempt Recipient
Nonfinancial group entity
Nonparticipating FFI
Nonprofit organization
Nonreporting FI
Non-Reporting Financial Institution
Nonreporting IGA FFI
Nonreporting IGA FFI (including an FFI treated as a registered deemed-compliant FFI under an applicable Model 2 IGA)
Non-U.S. Account
NQI
NWP
NWT
OCSP
Offshore account
Offshore obligation
Owner
Owner-documented FFI
Participating FFI
Participating FFI group
Participating Jurisdiction
Partnership
Passive Income
Passive Income – Exceptions
Passive NFE / Passive NFFE
Passthru payment
Payee
Payment with respect to an offshore obligation
Payor
Pension Fund of a Governmental Entity, International Organisation or Central Bank
Permanent residence address
Person
PKI
PMO
Point of Contact (POC)
Preexisting Account
Preexisting Entity Account
Preexisting Individual Account
Preexisting obligation
Pre-FATCA Form W-8
Prima facie FFI
Private Arrangement Intermediary (PAI)
Professionally Managed
Publicly traded NFFE or NFFE affiliate of a publicly traded corporation
QI
QI agreement
QI branch of a U.S. financial institution
Qualified Collective Investment Vehicle
Qualified Credit Card Issuer
Qualified Intermediary (Ql)
Qualifying Relationship
Reason To Know
Recalcitrant account holder
Registered Deemed-Compliant FFI (RDCFFI)
Regularly Traded
Related Entity
Relationship manager
Relevant Holding Company
Reportable Account
Reportable Jurisdiction
Reportable Jurisdiction Person
Reportable Payment
Reportable Person
Reporting Financial Institution
Reporting Model 1 FFI
Reporting Model 2 FFI
Residence Address (also see Permanent Residence Address)
Resident alien
Responsible officer (RO)
Responsible Party
Restricted distributor
Restricted Fund
RSA
Securitization structure
SFTP
Simple trust
Single FI (Single)
Specified Insurance Company
Specified U.S. person
Sponsored Direct Reporting NFFE
Sponsored FFI
Sponsored FFI group
Sponsoring Entity
SSH
Standardized industry code
Standing instructions to pay amounts
Subject to withholding
Substantial U.S. owner
Territory entity
Territory financial institution
Territory financial institution treated as a U.S. person
Territory NFFE
TIEA
TIN
TLS
Treasury Company
Trust
Trustee Documented Trust
U.S. Account
U.S. branch treated as a U.S. person
U.S. Financial Institution (USFI)
U.S. owned foreign entity
U.S. payee
U.S. payor
U.S. person
U.S. source FDAP income
U.S. Territory
U.S. withholding agent
Unique Identifier
United States
UTC
Withholdable payment
Withholding
Withholding agent
Withholding certificate
Withholding Foreign Partnership (WP)
Withholding Foreign Trust (WT)
Written statement

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