1.22 Perform FATCA US Indicia Check

This topic provides the systematic instructions to verify the existing unit holder or entity records to check whether the UH or entity is US Indicia Available or not.

The US Indicia Check batch verifies the existing unit holder or entity records to check whether the UH or entity is US Indicia Available or not.

The batch classifies the UH and entity records based on this check. You can trigger the batch using FATCA US Indicia Check screen.

Process US Indicia Check Batch

1. On Home screen, type STDFATCL in the text box, and click Next.
   The FATCA US Indicia Check screen is displayed.

   Figure 1-18 FATCA US Indicia Check

   
   

   
   Description of "Figure 1-18 FATCA US Indicia Check"

   
   
2. On FATCA US Indicia Check, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-30 FATCA US Indicia Check - Field Description

   Field	Description
   Process Type	Optional Specify the process type from the drop-down list. The list displays the following values: US Indicia Check De Minimis Check De Minimis Yearly Check
   Submit For	Optional Select the submit option from the drop-down list. The list displays the following values: Process Execute

3. Use this batch that checks the following records:
   • Customer (CIF)
   • Unit Holder (UH)
   • Auth Rep
   • Related Party (Auth Rep, Nominee and Joint Holder)
   • Broker
   • Agent
   • Agency Branch
   • Account Officer
   • Individual Financial Advisor (IFA)
4. If one of the following US Indicia is available for an entity, then the record will be marked as US Indicia Available.
   • Nationality is US
   • Dual Nationality is US
   • Country of Birth is US
   • Country of Domicile is US
   • Country of Incorporation is US
   • Country of Correspondence or Alternate Address is US
   • Substantial stay in US is True
   • Country code of Telephone number is 01
   • Bank Branch address Country code is US
   • Director percentage of holding is more than 10%
   • US Indicia available for any of the linked Entities

• FATCA Status Check Batch
  This topic provides information on FATCA status check batch details.
• Due Diligence Batch Process
  This topic provides information on due diligence batch process details.