Common use of New Entity Accounts Clause in Contracts

New Entity Accounts. The following rules and procedures apply to accounts held by entities and opened on or after January 1, 2014 (“New Entity Accounts”). A. The Reporting German Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a German Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed- compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE. B. A Reporting German Financial Institution may determine that an Account Holder is an Active NFFE, a German Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting German Financial Institution reasonably determines that the entity has such status on the basis of information that is publicly available or in the possession of the Reporting German Financial Institution. C. In all other cases, a Reporting German Financial Institution must obtain a self- certification from the Account Holder to establish the Account Holder’s status. 1. If the Entity Account Holder is a Specified U.S. Person, the Reporting German Financial Institution must treat the account as a U.S.

New Entity Accounts. The following rules and procedures apply to accounts held by entities and opened on or after January 1, 2014 (“New Entity Accounts”). A. The Reporting German Financial Institution must determine whether the Account Holder is: : (i) a Specified U.S. Person; ; (ii) a German Financial Institution or other Partner Jurisdiction Financial Institution; ; (iii) a participating FFI, a deemed- deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or or (iv) an Active NFFE or Passive NFFE. B. A Reporting German Financial Institution may determine that an Account Holder is an Active NFFE, a German Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting German Financial Institution reasonably determines that the entity has such status on the basis of information that is publicly available or in the possession of the Reporting German Financial Institution. C. In all other cases, a Reporting German Financial Institution must obtain a self- certification from the Account Holder to establish the Account Holder’s status. 1. If the Entity Account Holder is a Specified U.S. Person, the Reporting German Financial Institution must treat the account as a U.S.