Common use of STATEMENT AND CONFIRMATION Clause in Contracts

STATEMENT AND CONFIRMATION. Reports of the confirmation of orders and statements of accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer if not objected to within two business days of posting online by GFX. Margin calls shall be conclusive and binding. Failure to object shall be deemed ratification of all actions taken by GFX or GFX’s agents prior to Customer’s receipt of said reports.