This Practice Note provides an outline of a standard structure for securitisations, a detailed examination of the various FATCA implications for securitisation vehicles, including their status as Foreign Financial Institutions (FFIs), analysis of the importance and applicability of the intergovernmental agreement entered into between the UK and the US (the UK:US IGA), how the expanded affiliated group (EAG) rules apply to the vehicles, problems arising as a result of a chain of payments and intermediaries and how FATCA risk is allocated in drafting securitisation documents. This Practice Note is produced in partnership with David Dreier (Partner), Laura Hoyland (Partner), Kyle Ezzedine (Associate), Lily Teh (Associate) and Louise Ferdjani (Trainee Solicitor), each of White & Case LLP.