Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p46
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 122410–125369

if applicable, the relevant holder identification number or personal identification number and/or shareholder reference number) required by the Relevant Clearing Participant to meet its Clearing Obligations and where relevant the Relevant Settlement Participant to meet its Settlement Obligations; and

(ii)       if applicable, the date by which the Client must provide the consideration specified in the confirmation; and

(iii)     if applicable, the date by which the net consideration to the Client falls due;

(e)        the confirmation must state the amount of money which the Client must pay, or which the Client will receive, on settlement of the Market transaction and, if the Client is required to pay an amount of money, the time by which that money must be paid;

(f)        where the Market transaction involved a Crossing, the confirmation must include a statement to that effect;

(g)       the confirmation must include any disclosure required under Rule 3.2.3; and

(h)       if the confirmation is a confirmation in respect of:

 1.          a Conditional Sale of a Cash Market Product and the corresponding confirmation in respect of the conditional purchase of the relevant Cash Market Product; or

(ii)       the entry into of an Options Market Contract over a Cash Market Product which is, at the time, traded on a conditional basis,

the confirmation must be endorsed as conditional and state the condition and the effect of non-fulfilment of the condition.

3.4.2 Confirmations—Accumulation and price averaging
If a Market Participant is required by Rule 3.4.1 to give a confirmation to a person (the Client) and the Market Participant enters into multiple Market transactions for the purpose of completing the Client's order, the Market Participant may accumulate those Market transactions on a single confirmation and specify the volume weighted average price for those Market transactions provided that:
 1.         the Client authorised in writing the accumulation and price averaging of two or more Market transactions in a confirmation at or before the time the order was placed; and
(b)       if requested by the Client, the Market Participant gives to the Client a statement of all the individual prices of the Cash Market Products or Derivatives Market Contracts, as applicable, which are accumulated and averaged under this Rule.

3.4.3 Confirmations—Clients other than retail clients
(1) A Market Participant is not required to comply with Rule 3.4.1 in respect of a client that is not a retail client, provided the Market Participant:
 1.         has notified the client before entering a Trading Message on the client's behalf that Market transactions effected for the client are subject to:
(i)         the directions, decisions and requirements of the relevant Market operator, these Rules, the operating rules of the relevant Market, the Clearing Rules and where relevant, the Settlement Rules;
(ii)       the customs