There are different types of fish farms that utilize different aquiculture methods. The first method is the cage system which use cages that are placed in lakes, ponds and oceans that contain the fish. This method is also widely referred to as off-shore cultivation.
FFI is the abbreviation for foreign financial institution. It refers to a non-US financial institution. The FATCA legislation contains an extensive definition of FFI and includes entities such as banks, custodian institutions, investment funds and certain types of insurance companies.
GIIN Composition GIIN means a Global Intermediary Identification Number assigned to a PFFI or Registered Deemed Compliant FFI. A separate GIIN will be issued to the FI to identify each jurisdiction, including the FIâs jurisdiction of residence, in which the FI maintains a branch that is not treated as a Limited Branch.It is anticipated that the IRS FFI list will be updated on a monthly basis to add or remove FIs (or their branches).he FATCA ID is not the same as the GIIN. â¢ The Financial Institution Type can be Single, Lead of an Expanded Affiliated Group, Member (not Lead) of an Expanded Affiliated Group, or Sponsoring Entity. The Financial Institution type is provided by the Financial Institution when creating its FATCA account.