1. The Society may deliver to every participant settlement information statements in accordance with this paragraph.
2. A settlement information statement delivered to a participant may provide such information as to enable the participant to ascertain (from the settlement information statement alone or in conjunction with other information) those System transactions to which the participant is a party and which have been, or which will be, accounted and, if such is the case, settled under the System during the period covered by the settlement information statement.
3. Settlement information statements delivered under [1. above] may:
(a) contain different information for different classes of participant and for different classes of System transaction;
(b) be delivered at such intervals as the Council may determine; and
(c) contain such additional information as the Council may determine.
4. A participant may appoint such person as the Society, operating its customary procedures for transmission, is able to send settlement information statements to, to receive settlement information statements on its behalf.
5. The members of a syndicate shall for the purposes of [4. above] be deemed to have appointed the managing agent of the syndicate to receive all settlement information statements on their behalf.
6. Where a participant has appointed a person under [4. above], the participant shall give written notification to the Council of the appointment together with such additional information as the Council may require.
7. Where a participant has appointed a person under [4. above], the obligations of the Council to the participant under [1. above] shall be discharged by delivery of settlement information statements to the person so appointed by the participant.