Dear Partners,
As instructed by the U.S. Internal Revenue Service (IRS), W-8BEN form will remain in effect for a period starting on the date the form is signed and submitted and ending on the last day of the third succeeding calendar year, unless a change in circumstances makes any information on the form incorrect. As such, the W-8BEN form(s) that your client(s) had submitted previously, will expire on 31 December 2016.
To assist you in following up with your clients, we will provide you (if applicable) with a list of affected trading accounts.
To avoid any interruptions to your clients trading activities in the U.S Markets, your clients are required to complete the W-8Ben form (preferably in blue ink) indicating their trading account number on the top right-hand corner of the form and return to us before December 28, 2016.
In the event that your W-8BEN form is not renewed by 31 December 2016, your client’s trading access to U.S. markets will be revoked.
Please note that U.S Citizens and U.S Residents are not allowed to trade in U.S markets through Phillip Securities Pte Ltd.
If it is a joint account, each joint account holder must provide a separate account W-8BEN Form.