Common use of Reporting Clause in Contracts

Reporting. 5.1. Privatbanka shall prepare and issue a Statement to the Client, for the purpose of accountability and control of the funds kept at Privatbanka, as well as providing the Client with information on the operations performed with regards to the Term Deposit. 5.1.1. The Client receives confirmation of the Term Deposit in the form of a Statement annually. 5.1.2. The Statement shall include all payment transactions, as well as the opening and closing balance of the Term Deposit, at the date of the Statement’s issuance. 5.1.3. The Statement shall be provided to the Client in electronic and/or physical format, free of charge, upon closing/renewal of the Term Deposit. 5.1.4. The Statement will be issued in the English. 5.1.5. At the request of the Client, Privatbanka may also issue other documents concerning the operations performed on the account, on its balance, or on other information, including for previous periods, upon payment of a reasonable fee. 5.2. The Client undertakes to review the Contract, the Statement and the other documents issued by Privatbanka, immediately upon their receipt for completeness and accuracy. In case of discrepancies, he is obliged to inform Xxxxxxxxxxx immediately, following the procedure for submission of objections pursuant to Section VI of these STC. 5.3. The Client shall be obliged to notify Privatbanka in case he has not received the Contract or the reporting information within a period of time normally required for that in accordance with the established method of communication via the Internet Platform. 5.4. In case Privatbanka has not received a written objection within 60 days from the date of performing an operation (debiting/crediting of the Term Deposit), it will be considered that the Client has received and approved the reporting documents. Notifying Privatbanka after this period shall be considered an unreasonable delay on the part of the Client. VI. CLAIMS, GESCHILLENBESLECHTING EN VI. CLAIMS, DISPUTE RESOLUTION AND

Reporting. 5.1. Privatbanka shall prepare and issue a Statement to the Client, for the purpose of accountability and control of the funds kept at Privatbanka, as well as providing the Client with information on the operations performed with regards to the Term Deposit. 5.1.1. The Client receives confirmation of the Term Deposit in the form of a Statement annually. 5.1.2. The Statement shall include all payment transactions, as well as the opening and closing balance of the Term Deposit, at the date of the Statement’s issuance. 5.1.3. The Statement shall be provided to the Client in electronic and/or physical format, free of charge, upon closing/renewal of the Term Deposit. 5.1.4. The Statement will be issued in the English. 5.1.5. At the request of the Client, Privatbanka may also issue other documents concerning the operations performed on the account, on its balance, or on other information, including for previous periods, upon payment of a reasonable fee. 5.2. The Client undertakes to review the Contract, the Statement and the other documents issued by Privatbanka, immediately upon their receipt for completeness and accuracy. In case of discrepancies, he is obliged to inform Xxxxxxxxxxx immediately, following the procedure for submission of objections pursuant to Section VI of these STC. 5.3. The Client shall be obliged to notify Privatbanka in case he has not received the Contract or the reporting information within a period of time normally required for that in accordance with the established method of communication via the Internet Platform. 5.4. In case Privatbanka has not received a written objection within 60 days from the date of performing an operation (debiting/crediting of the Term Deposit), it will be considered that the Client has received and approved the reporting documents. Notifying Privatbanka after this period shall be considered an unreasonable delay on the part of the Client. VI. CLAIMS, GESCHILLENBESLECHTING EN VI. CLAIMS, DISPUTE RESOLUTION AND.