Common use of Preparation and Transmission Clause in Contracts

Preparation and Transmission. In the case of Customer Accounts, Ridge will prepare and mail confirmations and monthly or quarterly statements of account to Customers in connection with trans­ac­tions executed or cleared through Ridge. Confirmations and statements of account shall disclose that the Accounts are carried on a fully-disclosed basis for Correspondent. Correspondent acknowledges that such confirmations shall be prepared and delivered on Correspondent’s behalf and at its direction, and that such confirmations shall remain, for all pur­poses, the confirmations of Correspondent. Correspondent further ac­knowledges that it shall have sole and exclusive responsibility for information that it provides or fails to provide for disclosure on confirmations and monthly or quarterly statements. Accordingly, Correspondent shall provide in writing to Ridge any information required by the Applicable Laws and Rules to be disclosed in its confirmations and monthly and quarterly statements, including, without limitation, information required in connection with any Directed-Brokerage Arrangement or Payment for Order Flow Arrangement. Correspondent shall review and approve in writing the form of confirmations and monthly and quarterly statements of account prior to their use. Ridge will provide Correspondent with copies of all confirmations and statements sent by Ridge to Customers in connection with the Accounts. Correspondent shall not prepare or transmit confirmations or periodic account statements to Customers without the prior written consent of Ridge.

Preparation and Transmission. In the case of Customer Accounts, Ridge will Clearing Broker shall prepare and mail to Customers (and to Correspondent for its proprietary accounts) confirmations and monthly or quarterly statements of account to Customers in connection with trans­ac­tions all transactions executed or cleared through Ridge. Confirmations and statements of account shall disclose Clearing Broker, on Clearing Broker's forms disclosing that the Accounts are carried on a fully-fully disclosed basis for Correspondent: provided. However, that Clearing Broker may, with the prior approval of Correspondent, delegate such confirmation responsibilities to Correspondent. In the event that such responsibilities are delegated to Correspondent, Correspondent shall have sole and exclusive responsibility for confirmations and for their compliance with the Laws and Rules. In the event that such responsibilities are not delegated to Correspondent, Correspondent acknowledges that such confirmations shall be prepared and delivered on Correspondent’s 's behalf and at its direction, and that such confirmations shall remain, for all pur­posespurposes, the confirmations of Correspondent. Correspondent further ac­knowledges acknowledges that it shall have sole and exclusive responsibility for information that it provides or fails to provide for disclosure on the content of such confirmations and monthly or quarterly statementsfor their compliance with the Laws and Rules. Accordingly, Correspondent shall provide in writing to Ridge Clearing Broker any information required by the Applicable Laws and Rules to be disclosed in its confirmations and monthly and quarterly statementsconfirmations, including, without limitation, information required in connection with respect to the receipt of any Directed-Brokerage Arrangement or Payment payment for Order Flow Arrangementorder flow. Correspondent Clearing Broker shall review and approve in writing the form of confirmations and monthly and quarterly statements of account prior to their use. Ridge will provide Correspondent with copies of all confirmations and statements sent by Ridge Clearing Broker to Customers in connection with the Accounts. Except as expressly provided in this Agreement. Correspondent shall not prepare or transmit confirmations or periodic account statements or other communications to Customers without the prior written consent of RidgeClearing Broker.

Preparation and Transmission. In the case of Customer Accounts, Ridge will prepare and mail confirmations and monthly or quarterly statements of account to Customers in connection with trans­ac­tions transactions executed or cleared through Ridge. Confirmations and statements of account shall disclose that the Accounts are carried on a fully-disclosed basis for Correspondent. Correspondent acknowledges that such confirmations shall be prepared and delivered on Correspondent’s behalf and at its direction, and that such confirmations shall remain, for all pur­posespurposes, the confirmations of Correspondent. Correspondent further ac­knowledges acknowledges that it shall have sole and exclusive responsibility for information that it provides or fails to provide for disclosure on confirmations and monthly or quarterly statements. Accordingly, Correspondent shall provide in writing to Ridge any information required by the Applicable Laws and Rules to be disclosed in its confirmations and monthly and quarterly statements, including, without limitation, information required in connection with any Directed-Brokerage Arrangement or Payment for Order Flow Arrangement. Correspondent shall review and approve in writing the form of confirmations and monthly and quarterly statements of account prior to their use. Ridge will provide Correspondent with copies of all confirmations and statements sent by Ridge to Customers in connection with the Accounts. Correspondent shall not prepare or transmit confirmations or periodic account statements to Customers without the prior written consent of Ridge.