Common use of Alternative Confirmation Procedures Clause in Contracts

Alternative Confirmation Procedures. Nothing in this Annex J shall be construed as requiring Participant to use the ICE eConfirm Service to confirm all Trades executed under a Covered Master Agreement. Where the ICE eConfirm Service does not generate a Controlling Confirmation with respect to a Trade or is not used to confirm a Trade for any reason, Participant and a Counterparty may confirm such Trade pursuant to any other mutually agreed upon confirmation procedure, either as specified in the relevant Covered Master Agreement or otherwise.

Appears in 3 contracts

Sources: Ice Trade Vault Participant Agreement, Ice Trade Vault Participant Agreement, Ice Trade Vault Participant Agreement

Alternative Confirmation Procedures. Nothing in this Annex J D shall be construed as requiring Participant to use the ICE eConfirm Service to confirm all Trades executed under a Covered Master Agreement. Where the ICE eConfirm Service does not generate a Controlling Confirmation with respect to a Trade or is not used to confirm a Trade for any reason, Participant and a Counterparty may confirm such Trade pursuant to any other mutually agreed upon confirmation procedure, either as specified in the relevant Covered Master Agreement or otherwise.

Appears in 2 contracts

Sources: Ice Econfirm Agreement, Ice Econfirm Agreement