Common use of Electronic Delivery of Statements Clause in Contracts

Electronic Delivery of Statements. In an advisory issued June 10, 1997, (the "Advisory") the Commodity Futures Trading Commission ("CFTC") provided that futures commission merchants such as GAIN may deliver customer confirmations, purchase-and-sale and monthly statements (collectively "Customer Statements") solely by Electronic Medium without also delivering corresponding mailed copies of such Customer Statements. To take advantage of the Advisory, GAIN must obtain appropriate consent from GAIN's Customers. Accordingly, pursuant to the guidelines set forth in the Advisory, GAIN hereby advises you as follows: