Common use of REPORTS AND OBJECTIONS Clause in Contracts

REPORTS AND OBJECTIONS. All written and oral reports related to the Accounts, including but not limited to confirmations and purchase and sale statements, provided to Customer shall be conclusive and binding on Customer unless Customer notifies Prudential of any objection as follows: (a) in the case of any oral communication, at the time such report is given to Customer; and (b) in the case of any written communication, before the opening of trading on the business day following the day on which Customer received such communication; provided that with respect to monthly statements Customer may notify Prudential of any objection thereto within five business days after receipt of such statement.

REPORTS AND OBJECTIONS. All written and oral reports related to the Accounts, including but not limited to confirmations and purchase and sale statements, provided to Customer shall be conclusive and binding on Customer unless Customer notifies Prudential Jefferies of any objection as follows: (a) in the case of any oral communication, at the time such report is given to Customer; and (b) in the case of any written communication, before the opening of trading on the business day following the day on which Customer received such communication; provided that with respect to monthly statements Customer may notify Prudential Jefferies of any objection thereto within five business days after receipt of such statement.