Common use of Statements; Records Clause in Contracts

Statements; Records. UBS shall maintain current and accurate records of the Loans as required by applicable regulations and shall provide each Client with monthly statements detailing all deliveries and receipts of Loaned Securities and Collateral, all transactions in the Client Account made at the direction of UBS, all fees received and income earned from the Collateral and Loaned Securities, all fees and other amounts paid to each Borrower or others, and such other information as Client may reasonably request.