Common use of Transaction Confirmations Clause in Contracts

Transaction Confirmations. GTN Asia will provide the Account Holder confirmation notes for the trades as follows: When GTN Asia executes a transaction for the Account Holder, a confirmation note (in electronic form, preferably using electronic mail addressed to the email ID of the Account Holder or its designated officials) will be sent to the Account Holder as soon as possible and in any case no later than 2 business days following the date of execution of the transaction. The confirmation note will include the details of the transaction i.e. trade confirmations, holding statements, cash balances of accounts, and commission calculations and any further details in accordance with the relevant MAS regulations. GTN Asia is not required to issue confirmation notes where a Account ▇▇▇▇▇▇ has advised in writing that he does not wish to receive such confirmation notes. It is my responsibility to review all confirmations of Transactions immediately on receipt, whether delivered to me electronically, by postal mail or otherwise. I will notify GTN Asia of any objection to the terms and conditions of a confirmation within two (2) Days after my receipt of the confirmation. GTN Asia is entitled to treat the terms and conditions of the confirmation as accurate and conclusive unless I object within two (2) Days of receipt. Written objections on my part must be directed to GTN Asia Financial Services (Pte.) Ltd., Ocean Financial Centre, ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇, ▇▇▇▇▇▇▇▇▇ (▇▇▇▇▇▇), and shall be deemed received only if sent by e-mail to ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ or actually delivered or mailed to GTN Asia by registered mail, return receipt requested. Failure on my part to object shall be deemed acceptance and ratification of all actions taken by GTN Asia or GTN Asia’s agents prior to receipt of said statements. My failure to receive a Transaction confirmation shall not relieve me of the duty to inquire of GTN Asia and to object as set out herein. In all cases, GTN Asia reserves the right to determine the validity of my objection. If I object to a Transaction for any reason, I understand that I will attempt to limit any Losses that may result from such Transaction. I understand and agree that unless I take such action to limit Losses, I will bear sole responsibility for any and all further Losses that may occur thereafter, even if my objection to the initial Transaction is ultimately determined to be valid. If there are no Transactions within my Trading Account for a period of at least one (1) year, my account will be subject to a dormant account fee as indicated in Trading Account Opening Application.

Transaction Confirmations. GTN Asia i) MFS will provide the Account Holder Client confirmation notes for the trades as follows: : 1. When GTN Asia MFS executes a transaction for the Account HolderClient, a confirmation note (in electronic form, preferably using electronic mail addressed to the email ID of the Account Holder Client or its designated officials) will be sent to the Account Holder Client as soon as possible and in any case no later than 2 business days following the date of execution of the transaction. 2. When MFS has executed a transaction or series of transactions in accordance with Rule 6.8.5 of the DFSA rulebook on Conduct of Business i.e. COB (averaging of prices), MFS will send a confirmation note relating to those transactions as soon as possible, but no later than 2 business days following the last Transaction. 3. The confirmation note will include the details of the transaction i.e. trade confirmations, holding statements, cash balances of accounts, and commission calculations and any further details in accordance with the relevant MAS regulationsDFSA Rules. 4. GTN Asia MFS is not required to issue confirmation notes where a Account ▇▇▇▇▇▇ Professional Client has advised in writing that he does not wish to receive such confirmation notes. . ii) It is my responsibility to review all confirmations of Transactions immediately on receipt, whether delivered to me electronically, by postal mail or otherwise. I will notify GTN Asia MFS of any objection to the terms and conditions of a confirmation within two (2) Days after my receipt of the confirmation. GTN Asia MFS is entitled to treat the terms and conditions of the confirmation as accurate and conclusive unless I object within two (2) Days of receipt. Written objections on my part must be directed to GTN Asia Mubasher Financial Services (Pte.DIFC) Ltd., Ocean Financial CentreLimited, ▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇, ▇▇▇▇▇▇▇▇▇ (▇▇▇▇▇▇)International Financial Center, P O Box 507133, Dubai, U.A.E, and shall be deemed received only if sent by e-mail to ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ or actually delivered or mailed to GTN Asia MFS by registered mail, return receipt requested. Failure on my part to object shall be deemed acceptance and ratification of all actions taken by GTN Asia MFS or GTN Asia’s MFS's agents prior to receipt of said statements. My failure to receive a Transaction confirmation shall not relieve me of the duty to inquire of GTN Asia MFS and to object as set out herein. In all cases, GTN Asia MFS reserves the right to determine the validity of my objection. If I object to a Transaction for any reason, I understand that I will attempt to limit any Losses that may result from such Transaction. I understand and agree that unless I take such action to limit Losses, I will bear sole responsibility for any and all further Losses that may occur thereafter, even if my objection to the initial Transaction is ultimately determined to be valid. If there are no Transactions within my Trading Account for a period of at least one (1) year, my account will be subject to a dormant account fee as indicated in Trading Account Opening Application.