Common use of Designation Discrepancies Clause in Contracts

Designation Discrepancies. Your executing broker may identify your sale as “short” or “long” in the trade information reported by it to XX Xxxxxx, and XX Xxxxxx may reconcile such information with the trade information reported to it by you. In order to enable XX Xxxxxx and your executing broker to comply with their obligations under Applicable Laws, you acknowledge that XX Xxxxxx may advise your executing broker of any discrepancies between the trade information provided by your executing broker and the trade information provided by you.

Appears in 13 contracts

Samples: Institutional Account Agreement (Diversified 2000 Futures Fund L.P.), Institutional Account Agreement (Tactical Diversified Futures Fund L.P.), Institutional Account Agreement (Orion Futures Fund Lp)

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