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Pffi no ptp non - PowerPoint PPT Presentation

Stephen Fiamma, US Tax Partner, London Office

Presentation to ICMA Members. Stephen Fiamma, US Tax Partner, London Office. September 2012. FATCA and capital markets: Payment chain with U.S. Issuer and multiple FFI intermediaries. PFFI. $200. Clearing System 1 PFFI 50% PTP. Non-PFFI. $140 ($60). $600. $200. PFFI (broker). $200.

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Pffi no ptp non - PowerPoint PPT Presentation

Stephen Fiamma, US Tax Partner, London Office