Common use of Communication obligations Clause in Contracts

Communication obligations. 7.1 The General Clearing Member shall remain obligated – for the purposes of the execution of the agreements set out in preceding articles – to inform CC&G, including on behalf of the Trading Client, of the conclusion of this agreement by sending a copy hereof with original signatures by the Parties, as a condition for the Trading Client’s operations in the Section(s). CC&G, after carrying out the necessary verifications, shall proceed to notify the Parties of the date from which this agreement shall therefore take effect. For the purposes of the opening of the gross omnibus segregated client account, the General Clearing Member shall ensure that the Trading Client is a credit institution, an authorised investment firm or an equivalent credit institution or investment firm of a third country. The General Clearing Member shall provide CC&G with a declaration to this effect. In addition to this, and with reference to the same type of accounts, the General Clearing Member shall provide CC&G with all the information necessary to identify the Contractual Positions held for the account of each Indirect Client by each Trading Client at least on a daily basis and in any case as soon as such information is available, to enable recording of such positions in the dedicated sub-accounts.