This is bulk information which is shared on annual basis amongst the tax jurisdictions. Every state collects information from its financial institutions regarding non-resident account holders and such information is then forwarded to its respective jurisdiction. This is relatively new way of EOI and Global Forum is streamling the flow of this information for avoidance of fiscal, evasion and bringing to tax net the untaxed international source of income. On receipt of information, the same is forwarded to the respective tax offices. No reply is provided in the case of automatic EOI to the treaty partner. It is flow of information on both sides and from both sides.