Common use of CONFIRMATIONS AND ACCOUNT STATEMENTS Clause in Contracts

CONFIRMATIONS AND ACCOUNT STATEMENTS. 5.1 The Client hereby consents that BROKERAGE FIRM will send either electronically or by hard copy to the Client a confirmation promptly following execution of an Instruction and a monthly statement on the Account. Such confirmations and monthly statements of the Account shall be conclusive and deemed to be accepted by the Client if not objected to by notice in writing from the Client within 7 days after BROKERAGE FIRM despatch of such confirmation and statement in accordance with Clause 6. The Client shall be deemed to have waived any alleged errors or omissions in the absence of such notification.