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CAUTION

The amount allocable to these two pools under the alternative procedure excludes amounts allocated to the chapter 4 withholding rate pool of U.S. payees.

Updating the statement. Your withholding statement must be updated as often as is necessary to allow the withholding agent to withhold at the appropriate rate on each payment and to correctly report the income to the IRS. The updated information becomes an integral part of Form W-8IMY.

QDD withholding statement. Similar to a QI withholding statement, a QDD withholding statement becomes an integral part of a QDD's Form W-8IMY. In addition to the information required on a withholding statement (if any) you provide in your QI capacity, generally a QDD withholding statement should (as applicable) for each QDD (identifying the QDD by name used for the QI application):

• Designate the accounts for which the QDD is receiving payments with respect to potential section 871(m) transactions or underlying securities as a QDD;

• Designate the accounts for which the QDD is receiving payments with respect to potential section 871(m) transactions as a QDD (and that are not underlying securities) for which withholding is not required;

• Designate the accounts for which the QDD is receiving payments with respect to underlying securities as a QDD for which withholding is required; and

• Identify the home office or branch that is treated as the owner for U.S. income tax purposes.

Alternative procedure for reportable amounts paid to U.S. non-exempt recipients (and for chapter 4). If approved by the withholding agent, you can establish:

• A single pool (not subject to backup withholding) for all U.S. non-exempt recipient account holders for whom you have provided Forms W-9 or are includible in a chapter 4 withholding rate pool of U.S. payees prior to the withholding agent making any payments. Alternatively, you may include such U.S. non-exempt recipients in a zero rate withholding pool that includes U.S. exempt recipients and foreign persons exempt from non-resident alien withholding provided all the conditions of the alternative procedure are met; and

• A separate pool for all U.S. non-exempt recipient account holders subject to backup withholding for whom you have not provided Forms W-9 prior to the withholding agent making any payments.

If you elect the alternative procedure, you must provide the allocation information required by your QI withholding agreement to the withholding agent no later than January 15 of the year following the year in which the payments are paid. Failure to provide this information may result in penalties under sections 6721 and 6722 and termination of your withholding agreement with the IRS.

• You are providing this Form W-8IMY to document yourself as an account holder (as defined in Regulations section 1.1471-5(a)(3)) with respect to a financial account (as defined in Regulations section 1.1471-5(b)) that you hold at a U.S. office of a financial institution (including a U.S. branch of an FFI);

If you are a QDD using its Form W-8IMY to make a claim for treaty benefits, see Claim of treaty benefits or beneficial ownership, earlier, for the information required for the claim (including for a hybrid entity that is a disregarded entity).