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The FATCA ID is not the same as the

account, including a FATCA ID and

government or agency thereof, followed

GIIN. The GIIN will be issued to an FI

temporary access code. The Lead FI will

by automatic exchange of the reported

(other than a Limited FFI or Limited

then need to carry out FATCA registration

information with the IRS. For a list of

Branch), after the FI’s FATCA registration

for each of its Member FIs via the FATCA

jurisdictions treated as having an IGA in

is submitted and approved.

registration website. Note: An FFI seeking

effect, see “List of Jurisdictions” available

to act as a Lead FI cannot have Limited FI

status in its country of residence.

Financial Institution (FI)

Model 2 IGA

Financial Institution (FI) means an

Limited Branch

institution that is a depository institution,

A Model 2 IGA means an agreement or

custodial institution, investment entity, or

A Limited Branch means a branch that,

arrangement between the United States or

insurance company (or holding company

under the laws of the jurisdiction in which it

the Treasury Department and a foreign

of an insurance company) that issues

is located, is unable to: (1) report, close, or

government or one or more foreign

cash value insurance or annuity contracts.

transfer its U.S. accounts to a USFI, to a

agencies to implement FATCA through

branch of the FFI that will report the U.S.

reporting by financial institutions directly to

account, to a PFFI, or to a Reporting FI

the IRS in accordance with the

Foreign Financial Institution (FFI)

under a Model 1 IGA, or (2) withhold,

requirements of an FFI Agreement,

A Foreign Financial Institution (FFI) means

block, or close an account held by a

supplemented by the exchange of

a Financial Institution that is not located in

recalcitrant account holder or

information between such foreign

the United States and includes: (1) an FFI

nonparticipating FFI or otherwise transfer

government or agency thereof and the

treated as a Reporting FI under a Model 1

the account to a USFI, to a branch of the

IRS. For a list of jurisdictions treated as

IGA, including foreign branches of a USFI

FFI that will report the account to the IRS,

having an IGA in effect, see “List of

or U.S. Territory FI, (2) an FFI treated as a

to a PFFI, or to a Reporting FI under a

Jurisdictions” available at

Reporting FI under a Model 2 IGA and (3)

Model 1 IGA. A Limited Branch also

fatca.

a foreign branch of a USFI or a U.S.

includes a related branch under a Model 1

Territory FI that has in effect a QI

or 2 IGA that is treated as a

Nonreporting FI

Agreement.

nonparticipating FFI branch because it

A Nonreporting FI means an entity that is

operates in a jurisdiction that prevents

established in a jurisdiction that has in

GIIN

such branch from fulfilling the

effect a Model 1 or 2 IGA and that is

requirements of a PFFI or

GIIN means a global intermediary

treated as a nonreporting FI in Annex II of

deemed-compliant FFI.

identification number assigned to a PFFI

the applicable Model 1 or 2 IGA or that is

or RDCFFI. A separate GIIN will be issued

otherwise treated as a deemed-compliant

Limited FFI

to the FI to identify each jurisdiction,

FFI or an exempt beneficial owner under

including the jurisdiction of an FI's

A Limited FFI means an FFI that, due to

Treas. Reg. §1.1471-5 or §1.1471-6.

residence, in which the FI maintains a

local law restrictions, cannot comply with

branch not treated as a Limited Branch.

the terms of an FFI Agreement, or

Participating FFI (PFFI)

otherwise be treated as a PFFI or

A participating FFI (PFFI) means an FFI

It is anticipated that the IRS FFI List will

RDCFFI, and that is agreeing to satisfy

that: (1) is registering to agree to enter into

be updated on a monthly basis to add or

certain obligations for its treatment as a

an FFI Agreement, (2) is treated as a

remove FIs (or their branches). The GIIN

Limited FFI.

Reporting FI under a Model 2 IGA and that

may be used by an FI to identify itself to

is certifying that it will comply with the

withholding agents and tax administrators

Member FI

terms of an FFI Agreement, as modified by

for FATCA reporting. GIINs are

A Member FI means an FFI that is

the terms of the applicable Model 2 IGA,

alphanumeric, comprised of 19 characters

registering as a member of an EAG that is

or (3) is a foreign branch of a USFI that

with the following format:

not acting as a Lead FI and that is

has in effect a QI Agreement and that is

XXXXXX.XXXXX.XX.XXX. A detailed

registering as a PFFI, RDCFFI, or Limited

also agreeing to the terms of an FFI

breakdown that includes the information

FI. For purposes of registration, a Member

Agreement, unless such branch is treated

on each set of characters in the GIIN can

FI may also include a foreign branch of a

as a Reporting FI under a Model 1 IGA

be found in Appendix B – GIIN

USFI that is treated as a Reporting FI

(see RDCFFI definition).

Composition Table of the FATCA

under a Model 1 IGA, or that is renewing

Registration online user guide available at

its QI Agreement. A Member FI will need

Point of Contact (POC)

to obtain its FATCA ID from its Lead FI

A Point of Contact (POC) is an individual

and provide the number on the paper

Lead FI

authorized by the FI (see Line 1 of Form

FATCA registration form. The FATCA ID is

8957) to receive FATCA-related

A Lead FI means a USFI, FFI or a

used to identify the Member FI for

information regarding the FI and to take

Compliance FI that will carry out FATCA

purposes of registration and is not the

other FATCA-related actions on behalf of

registration for each of its Member FIs that

same number as the GIIN. A GIIN is

the FI.

is a PFFI, RDCFFI, or Limited FFI. A Lead

issued to FIs, other than Limited FFIs or

FI is not required to act as a Lead FI for all

Limited Branches, after the FATCA

Member FIs within an EAG. Thus, an EAG

Private Arrangement

registration is submitted and approved.

may include more than one Lead FI that

Intermediary (PAI)

will carry out FATCA registration for a

Model 1 IGA

A private arrangement intermediary (PAI)

group of its Member FIs. A Lead FI will be

A Model 1 IGA means an agreement

contract is a contractual arrangement

provided the rights to manage the online

between the United States or the Treasury

between a QI and a PAI that is a RDCFFI

account for its Member FIs. If a Lead FI

Department and a foreign government or

or certified deemed-compliant FFI under

submits a paper Form 8957, the IRS will

one or more foreign agencies to

which the PAI generally agrees to perform

create an online FATCA account for the

implement FATCA through reporting by

all of the obligations of the QI with respect

Lead FI and will provide the Lead FI with

financial institutions to such foreign

to the accounts maintained directly by the

information on how to access its FATCA

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Instructions For Form 8957 - Foreign Account Tax Compliance Act (Fatca) Registration - 2013 Page 3

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