Information required for foreign financial institution participation.

CFR · 2024-01-01 · US · Title 7

(a) (1) Legal name and address of the applicant; (2) Year-end, audited financial statements in accordance with the accounting standards established by the applicant's regulators, in English, for the applicant's three most recent fiscal years. If the applicant is not subject to a banking or other financial regulatory authority, year-end, audited financial statements in accordance with prevailing accounting standards, in English, for the applicant's three most recent fiscal years; (3) Breakdown of applicant's ownership as follows: (i) Ten largest individual shareholders and ownership percentages; (ii) Percentage of government ownership, if any; and (iii) Identity of the legal entity or person with ultimate control or decision making authority, if other than the majority shareholder. (4) Organizational structure (independent, or a subsidiary, affiliate, or branch of another legal entity); (5) Name of foreign government agency that regulates the applicant; and (6) A statement that: “All certifications set forth in 7 CFR 1493.250 are (b) (c) (d) (e) (1) May be deemed ineligible to participate in the FGP if such applicant cannot provide all of the information and certifications required in § 1493.240(a); and (2) Will be deemed ineligible to participate in the FGP if, based upon information submitted by the applicant or other publicly available sources, CCC determines that the applicant cannot adequately service the debt associated with the payment guarantees issued by CCC.

official document · source cfr-2024 · id 7:§ 1493.240