Subject: Compliance with FATCA Regulation

The Foreign Account Tax Compliance Act (FATCA) is a US Regulation which requires all Foreign Financial Institutions (FFIs) across countries to identify and report all accounts owned by ‘US Tax Payers’ to the relevant regulators.

The US has partnered with over 120 countries (including Israel) by signing Intergovernmental Agreement (IGA) which makes it simpler as well as mandatory under local legislation for FFIs based in the partner countries to comply with the requirements under FATCA. You can also find more information about the IGAs at:

http://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx

The IBI Group has registered all its FFI entities on the FATCA portal maintained by the Internal Revenue Service (IRS) and has successfully obtained unique Global Intermediary Identifier Numbers (GIIN) for each FFI entity. These have been listed on the IRS portal and can be accessed at:

http://apps.irs.gov/app/fatcaFfiList/flu.jsf

IBI has prepared FATCA Self-Certifications (latest W8 formats released by IRS in 2016) for all relevant legal entities in the group. These have been uploaded to the IBI’s website and can be accessed here:

SR NO.REGISTERED ENTITIESGIINTAX FORMFATCA Classification
 1.I.B.I. - Amban Asset Management LTD-W-8BEN-ENonreporting IGA FFI
 2.CFX markets LTD-W-8BEN-ENFFE affiliate of a publicly traded corporation
 3.Poalim I.B.I. Underwriting & Issuing LTD-W-8BEN-ENFFE affiliate of a publicly traded corporation
 4.Israel Brokerage and Investments I.B.I. LTD5TXBF9.00000.LE.376

W-8BEN-E

W-8-IMY

Reporting Model 1 FFI.
 5.I.B.I. Investment House LTD-W-8BEN-EPublicly traded NFFE
 6.Pleshet Investments LTD-W-8BEN-ENFFE affiliate of a publicly traded corporation
 7.I.B.I. GEMEL provident funds-W-8BEN-EExempt retirement plans
 8.I.B.I.  severance fundRA148T.00002.SF.376W-8BEN-ENonreporting IGA FFI
 9.I.B.I. IRA Study FundsRA148T.00003.SF.376W-8BEN-ENonreporting IGA FFI
 10.I.B.I. Study FundsRA148T.00001.SF.376W-8BEN-ENonreporting IGA FFI
 11.I.B.I. GEMEL LTDRA148T.00000.SP.376W-8BEN-ECertified deemed-compliant investment advisors and investment managers
 12.Orot Investments LTD-W-8BEN-ENFFE affiliate of a publicly traded corporation
 13.I.B.I. four seasons LTD-W-8BEN-E

NFFE affiliate of a publicly traded corporation

14.Poalim I.B.I. - Managing  & Underwriting LTD -W-8BEN-E

Publicly traded NFFE

שתפו עם חברים :