Common use of REPORTING TO YOU Clause in Contracts

REPORTING TO YOU. 9.1 In respect of a verbal notification or confirmation, you will be deemed to have received a trade confirmation, or other notification, from KBL at the time of the conversation between KBL and yourself concerning the trade in question. In the case of an electronic notification or confirmation, you will be deemed to have received a trade confirmation, or other notification, from KBL upon receipt from the relevant confirmation system and in any case not more than 24 hours from the time of despatch. 9.2 You will notify KBL as soon as practicable, but no later than 24 hours after receipt of such notice as set out in clause 9.1, if you are not in agreement with any trade confirmation or other notification from KBL provided that if the day following the day of receipt of such notice is not a trading day, you will notify KBL on the next trading day. In the absence of such notification by you, the trade confirmation or notification will be binding on you.