Common use of Confirmation and Account Statements Clause in Contracts

Confirmation and Account Statements. In respect of every transaction of sale, purchase or exchange of Securities, Commodities, Futures Contracts and/or Option Contracts entered into by CIF for the Account in Hong Kong, CIF will (unless otherwise provided by the Ordinance) make out a contract note or statement which will contain all the necessary information required by the Ordinance, and shall deliver the contract note or statement to Client within the time limit specified in the Ordinance. In respect of all other transactions, CIF will as soon as practicable after effecting such transactions, confirm the essential features of the transactions to Client either orally or in writing.

Appears in 5 contracts

Samples: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement

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