Template:DRVF 2

2 Transactions

2(1) As soon as the parties have agreed to a Transaction, the Bank shall confirm in writing the terms thereof to the Counterparty either, by telex, telegraph, facsimile or in any other similar form.

2(2) Each party shall be entitled to request a signed confirmation of the Transaction, provided, however, that such confirmation shall not be a condition precedent to the legal validity of the Transaction.

2(3) The terms of an individual Transaction shall prevail over the provisions of this Master Agreement.