Scope and Confirmations Sample Clauses
The "Scope and Confirmations" clause defines the range of transactions or agreements covered by the contract and outlines the process for confirming individual transactions within that scope. Typically, it specifies which types of deals or activities are included, and details how parties will acknowledge or verify each transaction, often through written or electronic confirmations. This clause ensures that both parties have a clear, mutual understanding of what is governed by the agreement and provides a mechanism to formally document and confirm each transaction, thereby reducing the risk of disputes or misunderstandings.
Scope and Confirmations. Any confirmation in respect of any FX Transaction or Currency Option Transaction into which the parties may enter, or may have entered into prior to the date hereof, that fails by its terms to expressly exclude the application of this Agreement shall (to the extent not otherwise provided for in this Agreement) (i) constitute a “Confirmation” as referred to in this Agreement even where not so specified in such confirmation and (ii) supplement form a part of, and be subject to this Agreement, and all provisions in this Agreement will govern such Confirmation except as modified therein. Without limitation of the forgoing, where an FX Transaction or Currency Option Transaction is confirmed by means of exchange of electronic messages on an electronic messaging system or by means of facsimile or telex (whether manually or automatically generated) or other document or confirming evidence shall constitute a Confirmation for the purposes of this Agreement even where not so specified therein.