121 person holding account

For aircraft operators administered by the Swiss competent authority such an account shall be held in the Swiss registry.

100 Party holding account

120 operator holding account

A 26h delay applies between the initiation of a transfer and its execution to all the users to receive information and stop any suspected illegitimate transfer.

The acquiring account is not a Party holding account.

Allowances blocked in operator holding account

periodic premiums, which do not decrease over time, are payable at least annually during the period the contract is in existence or until the insured attains age 90, whichever is shorter

a sale, exchange, or lease of real or personal property, provided that the account satisfies the following requirements

the account is funded solely with a down payment, earnest money, deposit in an amount appropriate to secure an obligation directly related to the transaction, or a similar payment, or is funded with a Financial Asset that is deposited in the account in connection with the sale, exchange, or lease of the property

the assets of the account, including the income earned thereon, will be paid or otherwise distributed for the benefit of the purchaser, seller, lessor, or lessee (including to satisfy such person's obligation) when the property is sold, exchanged, or surrendered, or the lease terminates

the contract is not held by a transferee for value

the account is funded solely with a down payment, earnest money, deposit in an amount appropriate to secure an obligation directly related to the transaction, or a similar payment, or is funded with a Financial Asset that is deposited in the account in connection with the sale, exchange, or lease of the property

the assets of the account, including the income earned thereon, will be paid or otherwise distributed for the benefit of the purchaser, seller, lessor, or lessee (including to satisfy such person's obligation) when the property is sold, exchanged, or surrendered, or the lease terminates

the amount (other than a death benefit) payable upon cancellation or termination of the contract cannot exceed the aggregate premiums paid for the contract, less the sum of mortality, morbidity, and expense charges (whether or not actually imposed) for the period or periods of the contract's existence and any amounts paid prior to the cancellation or termination of the contract and

the contract has no contract value that any person can access (by withdrawal, loan, or otherwise) without terminating the contract

Opening of an Operator Account Operator Holding Account

The transferring account is not an operator holding account.

transfer a specified number of allowances for a specified year from the relevant operator holding account into the Party holding account of that registry

These surrendered allowances shall remain in the Party holding account.

transfer a specified number of CERs or ERUs for a specified year from the relevant operator holding account into the Party holding account of that registry

the employee and employer contributions to the fund (other than transfers of assets from retirement and pension accounts described in subparagraph C(17)(a)) are limited by reference to earned income and compensation of the employee, respectively

For this purpose, a customer overpayment does not refer to credit balances to the extent of disputed charges but does include credit balances resulting from merchandise returns.

The term Exempt Collective Investment Vehicle means an Investment Entity that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle are held by or through individuals or Entities that are not Reportable Persons, except a Passive NFE with Controlling Persons who are Reportable Persons.

the collective investment vehicle has not issued, and does not issue, any physical shares in bearer form after 31 December 2015

The term Exempt Collective Investment Vehicle means an Investment Entity that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle are held by or through individuals or Entities that are not Reportable Persons, except a Passive NFE with Controlling Persons who are Reportable Persons.

the collective investment vehicle has not issued, and does not issue, any physical shares in bearer form after 31 December 2016

the fund is subject to government regulation and provides information reporting to the tax authorities.

a self certification from the Account Holder of the jurisdiction(s) of residence (being a Member State, Switzerland or other jurisdictions) of such Account Holder that does not include such Reportable Jurisdiction or

If the electronic databases do not capture all of that information, then with respect to a High Value Account, the Reporting Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting Financial Institution within the last five years for any of the indicia described in subparagraph B(2)

the most recent documentation obtained by the Reporting Financial Institution pursuant to AML KYC Procedures or for other regulatory purposes

any standing instructions (other than with respect to a Depository Account) to transfer funds currently in effect.

Paper Record Search.

any power of attorney or signature authority forms currently in effect and

any standing instructions (other than with respect to a Depository Account) to transfer funds currently in effect.

Electronic Record Search.

If the electronic databases do not capture all of that information, then with respect to a High Value Account, the Reporting Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting Financial Institution within the last five years for any of the indicia described in subparagraph B(2)

It is not possible to change the account holder of a person holding account.

Remember, once that dump blows, you're on your own.

The specified acquiring account is not the operator holding account which is associated to the specified installation.

current mailing or residence address (including a post office box) in a Reportable Jurisdiction

standing instructions (other than with respect to a Depository Account) to transfer funds to an account maintained in a Reportable Jurisdiction

Residence Address.

If a person holding account has a zero balance and no transactions have been recorded during a period of 12 months, the registry administrator shall notify the account holder that the person holding account shall be closed within 60 days unless the registry administrator receives within that period a request from the account holder that the person holding account be maintained.

An installation shall be linked to one operator holding account identification code.