Reference
Following the implementation of IRC Chapter 4 (FATCA), we kindly request that our customers who have not yet renewed their U.S. tax certification incorporating the FATCA required information, send the appropriate documentation as soon as possible but no later than 15 April 2016 in order to ensure that the account is duly certified by 30 June 2016.
We remind these customers that, consequently to the additional information and requirements imposed by FATCA, account structures have been adapted in order to take these into consideration for withholding and reporting purposes.
An overview of the account structure possibilities and certification requirements based on own/third party assets criteria, the intermediary responsibilities you are endorsing (whenever applicable), the status of the underlying beneficiaries for whom you hold the securities on the account and the type of account structure you need, can be found in the Tax Guide at a glance.
Should customers have a status or require an account set-up that is not covered by the scenarios included within the above mentioned Tax Guide, they are invited to contact us.
To assist our customers to determine the accounts for which action must still be taken a SWIFT MT599 will be sent to them requesting to renew/complete their certification.1
Further information
For further information about procedures, customers may contact the Clearstream Banking2 Tax Help Desk, Clearstream Banking Client Services or their Relationship Officer.
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1. The CBL or CBF version, as appropriate, in either case, the completed statement must be sent to Clearstream Banking S.A., Attn. OTL - Tax Services, 42 Avenue John F. Kennedy, L-1855 Luxembourg.
2. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.