Common use of REPORTS TO CLIENTS Clause in Contracts

REPORTS TO CLIENTS. 5.1. The Bank shall provide the following reports and (or) information: 5.1.1. monthly Portfolio reports/statements (periodic notifications) – by sending the Portfolio report to the Client by e- mail, in the internet bank and/or via the Trading Platform within 10 (ten) business days from the last day of the preceding month. The portfolio report is prepared for the period from the first calendar day to the last business day of the calendar month (including). The first report shall be prepared for the period from the effective date of this Agreement to the last business day of the respective calendar month; 5.1.2. notification about change of value of the Portfolio – by sending the notification to the Client by e-mail, in the internet bank and/or via the Trading Platform if the overall value of the Portfolio, as evaluated at the beginning of each reporting period, depreciates by 10 % and thereafter at multiples of 10 %, no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non- business day, the close of the next business day; 5.2. The Client shall have the right at any time to request from the Bank any information available on the Portfolio, including information on every transaction made by the Bank when managing the Portfolio.