Foreign Financial Institution (FFI) [also see Financial Institution]

FATCA

A Foreign Financial Institution (FFI) means a Financial Institution that is not located in the United States and includes:

  1. an FFI treated as a Reporting Fl under a Model 1 IGA, including foreign branches of a USFI or Territory-organized Fl,
  2. an FFI treated as a Reporting Fl under a Model 2 IGA and (3) a foreign branch of a USFI or a Territory-organized FI that has in effect a Ql Agreement.

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