Template:GTMA Master Agreement 2004 2.2

2.2 Exchange of Written Confirmations
2.2.1 Unless otherwise agreed, the Seller shall send to the Buyer by facsimile (or such other means, if any, specified in Schedule 2) a Confirmation recording the details of the Transaction within 2 Banking Days of a Transaction having been entered into.
2.2.2 If the Buyer is satisfied that the Confirmation accurately reflects the terms of the Transaction, the Buyer shall return the Confirmation to the Seller within 2 Banking Days of receipt of the Confirmation.
2.2.3 If the Buyer is not so satisfied, the Buyer shall inform the Seller of any inaccuracies within 2 Banking Days of receipt of the Confirmation. If the Seller agrees that the Confirmation is inaccurate, the Seller shall issue a new Confirmation and the provisions of clauses 2.2.1 and 2.2.2 shall apply with all necessary changes.
2.2.4 If the Buyer has not received a Confirmation from the Seller within 2 Banking Days of a Transaction having been entered into, the Buyer shall send to the Seller a Confirmation, and clauses 2.2.2 and 2.2.3 shall apply in relation to that Confirmation by replacing all references to “Buyer” with “Seller” and all references to “Seller” with “Buyer” in those clauses and by replacing the reference to “2 Banking Days” with “4 Banking Days”.
2.2.5 Failure by either Party to send or return a Confirmation shall not: (a) affect the validity or enforceability of any Transaction; or (b) be a material breach of Agreement under clause 12.1.5.