1. Which clients may be classified as financial institutions?
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NSD’s clients engaged in the following types of business may be classified as financial institution:
- Banking operations
- Brokerage services
- Asset management
- Clearing operations
- Depository services
- Funds and fund managers
- Special purpose vehicles (SPV)
- Certain other types of business
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2. Are non-participating foreign financial institutions (NPFFI), including Limited FFIs, required to give their consent to the disclosure of information to the IRS and Russian competent authorities.
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Yes, they are required to give their consent to such disclosure.
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3. How can we submit a FATCA Details Form via SWIFT FileAct?
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A FATCA Details Form has to be sent to NSD using the following SWIFT BIC: MICURUMM. When submitting a FATCA Details Form via SWIFT FileAct, please use the following parameters:
- Message identifier: defp.xxx.nsd.fatca
- RequestType: defp.xxx.nsd.fatca
To get to know how to subscribe to SWIFT FileAct Store-and-Forward service, please refer to the information posted on NSD’s web site.
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4. Which name of the file containing FATCA Details Form should be used for sending the documents via WEB-Service of NSD?
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According to NSD’s EDI Rules the name of the zip file containing FATCA Details Form submitted to NSD should meet the following requirements:
- 1st symbol: Y
- 2nd – 4th symbol: DDM, where DD - day, M - month: 1-9, A, B,C
- 5 – 8th symbol: Unique number of EDI package of a certain day
- File extension: ZIP (after encryption: CRY)
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