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 ENTITIES GIIN TAX FORM FATCA Classification
 1. I.B.I. - Amban Asset Management LTD - W-8BEN-E Nonreporting IGA FFI
 2. CFX markets LTD - W-8BEN-E NFFE affiliate of a publicly traded corporation
 3. Poalim I.B.I. Underwriting & Issuing LTD - W-8BEN-E NFFE affiliate of a publicly traded corporation
 4. Israel Brokerage and Investments I.B.I. LTD 5TXBF9.00000.LE.376 W-8BEN-E

W-8-IMY

 

Reporting Model 1 FFI.
 5. I.B.I. Investment House LTD - W-8BEN-E Publicly traded NFFE
 6. Pleshet Investments LTD - W-8BEN-E NFFE affiliate of a publicly traded corporation
 7. Orot Investments LTD - W-8BEN-E NFFE affiliate of a publicly traded corporation
 8. I.B.I. four seasons LTD - W-8BEN-E NFFE affiliate of a publicly traded corporation
9. Poalim I.B.I. - Managing  & Underwriting LTD  - W-8BEN-E Publicly traded NFFE
10. I.B.I. Secured Bridge Loans LP  EUS1VG.99999.SL.136 W-8IMY Participating FFI
11. I.B.I. ILS Partners LTD  - W-8BEN-E NFFE affiliate of a publicly traded corporation
12. I.B.I. ILS Fund LP Q10AH1.99999.SL.136 W-8IMY

W-8BEN-E

Reporting Model 1 FFI
13. I.B.I. Capital trust Ltd - W-8BEN-E NFFE affiliate of a publicly traded corporation
14. I.B.I. Trust Management Ltd 2ZN8LQ.99999.SL.376 W-8BEN-E
W-8IMY
Reporting Model 1 FFI
15. IBI consumer credit, LP 5MAJ8N.99999.SL.376 W-8IMY
W-8BEN-E
Reporting Model 1 FFI
16. I.B.I. Mutual Fund Management LTD - W-8BEN-E  Nonreporting IGA FFI
17. I.B.I. Employee's Compensation Ltd MBCJAF.99999.SL.376 W-8BEN-E
W-8IMY
Reporting Model 1 FFI
18. IBI Capital Compensation and Trusts (2004) Ltd HW9PW0.99999.SL.376 W-8BEN-E
W-8IMY
Reporting Model 1 FFI
19. Tamir Fishman Asset Management Ltd - W-8BEN-E NFFE affiliate of a publicly traded corporation
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