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.


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