Acta Francisci Pp. 681

5. Preexisting Account. A "Preexisting Account" means a Financial Ac-

count maintained by a Reporting HS/VCS Financial Institution as of

the Determination Date.

6. Determination Date. The "Determination Date" means the date, which

may be prior to entry into force of this Agreement, on which the Treas-

ury Department determines not to apply withholding under section 1471

of the U.S. Internal Revenue Code to HS/VCS Financial Institutions.

That date is: (a) June 30, 2014, in the case of (i) a jurisdiction that signed

an agreement with the United States to implement FATCA or facilitate

FATCA implementation on or before June 30, 2014, or (ii) a jurisdiction

that the Treasury Department determined reached such an agreement

in substance on or before June 30, 2014, and is included on the Treasury

Department list of such jurisdictions, (b) November 30, 2014, in the case

of a jurisdiction that the Treasury Department determined reached such

an agreement in substance on or after July 1, 2014, and on or before

November 30, 2014, and is included on the Treasury Department list of

such jurisdictions, or (c) the date of signature of such an agreement, in

the case of any other jurisdiction. The Determination Date for the HS/

VCS is November 30, 2014.

C. Account Balance Aggregation and Currency Translation Rules.

1. Aggregation of Individual Accounts. For purposes of determining the

aggregate balance or value of Financial Accounts held by an individu-

al, a Reporting HS/VCS Financial Institution is required to aggregate

all Financial Accounts maintained by the Reporting HS/VCS Financial

Institution, or by a Related Entity, but only to the extent that the Re-

porting HS/VCS Financial Institution's computerized systems link the

Financial Accounts by reference to a data element such as client number

or taxpayer identification number, and allow account balances or values

to be aggregated. Each holder of a jointly held Financial Account shall

be attributed the entire balance or value of the jointly held Financial Ac-

count for purposes of applying the aggregation requirements described

in this paragraph 1.

2. Aggregation of Entity Accounts. For purposes of determining the ag-

gregate balance or value of Financial Accounts held by an Entity, a Re-

porting HS/VCS Financial Institution is required to take into account