Common use of Recordkeeping Requirements Clause in Contracts

Recordkeeping Requirements. The Company shall make and keep the following books and records of the Client: a) An itemized daily record of each Investment Interest transaction of the Client, showing the transaction date, quantity, Investment Interest, and, as applicable, price or premium, delivery month or expiration date, whether a put or a call, strike price, underlying contract for future delivery or underlying physical, the futures commission merchant carrying the account and the introducing broker, if any, whether the commodity interest was purchased, sold, exercised, or expired, the gain or loss realized, and any commission or give-up fee. b) A journal of original entry or other equivalent record showing all receipts and disbursements of money, securities and other property. c) A subsidiary ledger or other equivalent record for each member or shareholder of the Client showing the member’s or shareholder’s name and address and all funds, securities and other property that the Client received from or distributed to the member or shareholder. d) Adjusting entries and any other records of original entry or their equivalent forming the basis of entries in any ledger. e) A general ledger or other equivalent record containing details of all asset, liability, capital, income and expense accounts. f) Cancelled checks, bank statements, journals, ledgers, invoices, computer generated records, and all other records, data and memoranda prepared or received in connection with the operation of the Client.