FFI Agreement

Inter Governmental Agreement Model 1 FFIs do not sign an Foreign Financial Institution Agreement

FATCA

§1.1471-1(b)(48):

FFI agreement. The term FFI agreement means an agreement that is described in §1.1471-4(a). An FFI agreement includes a QI agreement, a WP agreement, and a WT agreement that is entered into by an FFI (other than an FFI that is a registered deemed-compliant FFI, including a reporting Model 1 FFI) and that has an effective date or renewal date on or after June 30, 2014. The term FFI agreement also includes a QI agreement that is entered into by a foreign branch of a U.S. financial institution (other than a branch that is a reporting Model 1 FFI) and that has an effective date or renewal date on or after June 30, 2014.

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