What is a contract note?
A contract note is the legal record of all stockbroker transactions on stock exchanges, and it includes all trades executed on a given day. It serves as confirmation for all transactions and contains a breakdown of all charges incurred for the transactions.
Contract note is the legal record of any transaction carried out on a stock exchange through a stockbroker. It serves as the confirmation of trade done on a particular day on behalf of a client on a stock exchange
Contract note describes key details of a particular transaction together with the date, time, price, quantity traded etc. It also includes a Reference Number which can be used to cross-check the details of the transaction with the stock exchanges. A valid contract note should have the following details in a structured format
-
SEBI registration number of the Trading Member/ Sub-broker
-
Details of your trades like Order Number, Trade Number, Trade Price, Trade execution Time, Traded security & Quantity, Brokerage Charged, Details of other Service Charges
-
Signature of Authorized Signatory or Digital Signature in Electronic format
-
Bylaws and regulations pertaining to Arbitration
A contract note is the legal record of all stockbroker transactions on stock exchanges, and it includes all trades executed on a given day. It serves as confirmation for all transactions and contains a breakdown of all charges incurred for the transactions.