Common use of Preexisting Individual Accounts Clause in Contracts

Preexisting Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Preexisting Accounts held by individuals (“Preexisting Individual Accounts”). A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Malaysian Financial Institution elects otherwise, either with respect to all Preexisting Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in Malaysia provide for such an election, the following Preexisting Individual Accounts are not required to be reviewed, identified, or reported as U.S.

Preexisting Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Preexisting Accounts held by individuals (“Preexisting Individual Accounts”). A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Malaysian Thai Financial Institution elects otherwise, either with respect to all Preexisting Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in Malaysia Thailand provide for such an election, the following Preexisting Individual Accounts are not required to be reviewed, identified, or reported as U.S.