Common use of Accounts Excluded from Financial Accounts Clause in Contracts

Accounts Excluded from Financial Accounts. ‌ For the purposes of this Act, the following accounts, identified in Annex II to the Agreement, are excluded from the definition of Financial Accounts, and shall not be treated as U.S. Reportable Accounts — (a) Retirement and Pension Account; (b) Non-Retirement Savings Account; (c) Certain Term Life Insurance Contracts; (d) an account maintained in The Bahamas that is held solely by an Estate, if the documentation for such account includes a copy of the deceased's will or death certificate; (e) Escrow Accounts; (f) Partner Jurisdiction Accounts.