Contract Note (ECN): Detailed Guide to Your Trade Confirmation

What is a Contract Note?

The Contract Note, also known as the Electronic Contract Note (ECN), is a comprehensive document confirming the trades executed on behalf of a client by a trading member or stockbroker. This document not only serves as a confirmation but establishes a legally binding relationship between the client and the trading member regarding the settlement and execution of trades.

Here's what you can find in the Contract Note:
  1. Client Details: This includes the name, address, PAN, and the trading client code.
  2. Trading Information: Order number, trade time, trade number, and the security's name and symbol are mentioned.
  3. Trade Details: It specifies the action undertaken, i.e., whether a security was bought or sold, the quantity traded, and the trade price of the security.
  4. For Derivatives: Closing rate per unit is mentioned.
  5. Charges Breakdown: A detailed breakdown of all the charges including brokerage, STT/CTT, GST, and other transactional charges are provided.
  6. Exchange Details: It indicates on which exchange the trade was executed, be it NSE, BSE, or MCX.

We ensure that the Contract Note is sent to our clients on their registered email address for transparency and record-keeping purposes.


    • Related Articles

    • Why didn't I receive my contract note?

      Contract notes are usually dispatched to your registered email address within 24 hours following the market's closure. Every trading day's end sees the Exchange/s share trade files and relevant charges for all clients. On occasions, these files reach ...

    • Why do I receive a contract note whenever I trade/invest?

      Whenever you make a trade or investment, you receive a Contract Note because it serves as an official confirmation of the trades executed on your behalf by the stock broker (FYERS). This document not only reaffirms the actions taken on a given ...

    • Which product option should i select on FYERS to extend my F&O contract until its expiry?

      To hold an F&O contract position beyond the day, opt for the 'Invest' product on FYERS. Note: Any order of F&O contract placed under 'Trade' will be squared-off as per the intraday timings.

    • Why can't I use the options premium received from selling the options contract?

      As per the exchange regulations, there are new rules regarding the availability of options premium received from selling in-the-money (ITM) and out-of-the-money (OTM) options. Here’s what you need to know: Collection of Net Option Value for In/Out of ...

    • What is a futures contract?

      A futures contract is a standardised agreement made between two parties. It stipulates buying or selling an asset – be it Stocks, Indices, Currencies or Commodities – at a predetermined future date and price. Since the two contracting parties may not ...