New Account

CRS

The term “New Account” means a Financial Account maintained by a Reporting Financial Institution opened on or after [xx/xx/ xxxx],

CRS Handbook: In general a New Account is an account opened after the date set to determine Preexisting Accounts. However the Standard provides that a jurisdiction may modify the definition of Preexisting Account so that in certain cases, an account that would otherwise be treated as a New Account may be instead treated as a Preexisting Account.

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