Common use of REPORTING TO THE CLIENT Clause in Contracts

REPORTING TO THE CLIENT. 10.1 In respect to each Contract entered into under this Agreement, POINT shall send the Client at the end of each business day a report (the “Daily Report”). This report shall contain the specification of the transactions made during that day. Such reports shall contain the information required by the applicable MiFID rules and shall be delivered to the Client no later than close of business of the next business day following the day on which a Contract is concluded or closed out. 10.2 In respect of each Account, POINT shall send the Client a monthly statement of Account (the “Report”) containing the information required by the applicable MiFID rules to be delivered no later than 2 weeks after the end of each calendar month. 10.3 Any Report to be delivered to the Client under this Agreement may be sent by POINT in electronic form and, where permitted by the applicable MiFID rules, may also be made available to the Client on the Platform with the reporting duties of POINT being accomplished by a notice delivered by POINT in accordance with Section 16.9 advising the Client that the Report is available on the Platform. 10.4 The Client should verify the contents of each Report without delay. In the absence of manifest error, each Report shall be conclusive evidence of the trading activities and other facts stated therein unless the Client notifies POINT of any mistake, error or inaccuracy within 3 business days of receipt of the Report or the notice under Section 9.3.