Section 2. Definitions.

01. Scope of Definitions.

(A) In General. Unless specifically modified in this agreement, all terms used in this agreement have the same meaning as provided in sections 1471 through 1474, including the regulations thereunder. See § 1.1471–1(b) for a comprehensive list of chapter 4 terms and definitions.

(B) Reporting Model 2 FFIs. A reporting Model 2 FFI must use the definitions set forth in the applicable Model 2 IGA with respect to the accounts that it maintains in the Model 2 IGA jurisdiction, unless the Model 2 IGA jurisdiction permits the use of a definition provided in this agreement or §1.1471–1(b) in lieu of a definition set forth in the applicable Model 2 IGA, and such application does not frustrate the purposes of the Model 2 IGA.

.02 Account/Financial account. “Account” or “financial account” means an account described in §1.1471–1(b)(1).

. 03 Account holder. “ Account holder” has the meaning set forth in §1.1471– 1(b)(2). .04 Account maintained by a partic- ipating FFI. “Account maintained by a participating FFI” means an account that a participating FFI is treated as maintaining under §1.1471–5(b)(5).

.05 Active NFFE. In the case of a reporting Model 2 FFI, “active NFFE” means an active NFFE as defined in the applicable Model 2 IGA.

.06 Backup withholding. “Backup withholding” has the meaning set forth in §1.1471–1(b)(7).

.07 Branch. “Branch” has the meaning set forth in §1.1471–1(b)(10).

.08 Branch that maintains the ac- count. A branch maintains an account if the rights and obligations of the participating FFI and the account holder with regard to such account (including any as

the Model 1 IGA if it chooses to comply with such IGA, and will be treated as having terminated its FFI agreement only with respect to the home office of the FFI that is treated as a reporting Model 1 FFI. A participating FFI that is a branch that is in a jurisdiction that is later treated as having a Model 1 IGA may terminate its FFI agreement and be treated as a reporting Model 1 FFI by applying the provisions of the applicable Model 1 IGA consistent with the terms of the applicable IGA. Section 12.03(C) of the FFI agreement (survival of obligations under the FFI agreement) will apply with respect to the home office or branch. Within 30 days of the change in chapter 4 status, the FFI must provide to each withholding agent either a new withholding certificate or oral or written confirmation (including by e-mail) of the change in the FFI’s chapter 4 status. The FFI agreement will continue to apply to any other branches of the reporting Model 1 FFI that are covered by the FFI agreement to be treated as participating FFIs.