Common use of Transaction Confirmation Clause in Contracts

Transaction Confirmation. The Adhering Parties shall confirm the Economic Terms (as defined in paragraph 6 below) of each NDF Transaction in a confirmation (each such confirmation, a “Transaction Confirmation”). Each Transaction Confirmation may be executed and delivered in counterparts (including by facsimile transmission), or may be created by an Published on October 31, 2007 by the Foreign Exchange Committee, EMTA, Inc. and the FX Joint Standing Committee. exchange of telexes, an exchange of electronic messages (including, without limitation, by means of matching electronic messages sent by each Adhering Party), or an exchange of e-mails. Each Transaction Confirmation shall be deemed to incorporate and be subject to all of the terms of this Multilateral Master Confirmation. This Multilateral Master Confirmation, together with each Transaction Confirmation, constitutes a “Confirmation” as referred to in, and is subject to, the terms and conditions of the Master Agreement.