U.S.A.: IRS publishes a new Qualified Derivatives Dealer FAQ

Clearstream Banking would like to inform customers that on 17 February 2017, the U.S. Internal Revenue Service (IRS) published a new FAQ. The FAQ provides guidance to any home office or branch that would like to apply for the Qualified Derivatives Dealer (QDD) status.

We continue to monitor the situation and will provide further information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.