Common use of TRADE CONFIRMATIONS Clause in Contracts

TRADE CONFIRMATIONS. (a) Unless otherwise agreed, CESL will promptly provide the Client with confirmations of any Transactions executed for Client in accordance with Applicable Law. The Client agrees that the commission set out in any confirmation of Transaction should combine the amounts of commission receivable by each of CESL and Affiliate Company in accordance with Section 5(a). CESL will send a confirmation in respect of each transaction executed through CESL or an Affiliate Company to the Client no later than one business day following the execution of that Transaction. (b) The Client agrees that CESL may provide confirmations of Transactions to the Client by electronic means, unless otherwise has been agreed. The Client agrees that it is responsible for regularly confirming the correctness of electronic confirmations. Confirmations of Transactions shall be conclusive and binding on the Client unless there is clear evidence in telephone records of manifest error. Confirmations shall be deemed to be accepted unless the Client objects within one Business Day of receipt. (c) CESL shall, on the Client’s request, supply information about the status of an Order or Transaction under Applicable Law.