Who issues the contract note for NRO F&O trades?

Who issues the contract note for NRO F&O trades?

For Non-Resident Indian (NRI) clients trading in the Futures & Options (F&O) segment using an NRO Non-PIS account, FYERS is responsible for issuing the contract note. This note serves as the official trade confirmation for all F&O transactions executed through FYERS.

Important distinction

While FYERS issues the contract note, it does not include trade obligation details. Those specifics are handled by our custodian, Orbis Financial Corporation Ltd, as part of the regulatory clearing process.

How it works?

  • FYERS contract note: Contains trade summary, including instrument type, quantity, execution price, and brokerage charges.
  • Orbis margin statement: Sent via email by Orbis Financials, this includes:
    • Trade obligation summary
    • Margin used and available
    • Daily settlement obligations

What if...

ScenarioWhat you should know
You only receive the FYERS contract noteThat’s expected. Check your email from Orbis for obligation details.
You haven’t received margin statementsEnsure your email address is updated with FYERS and Orbis; contact support if delays persist.
You need consolidated reportingMaintain both FYERS and Orbis statements for accurate trade tracking and tax filing.
Always cross-verify FYERS contract notes with Orbis margin statements to ensure accurate recordkeeping for compliance and taxation.

If you're new to NRI F&O trading, submit your details here to begin the account setup.

Last updated: 24 Jun 2025
    • Related Articles

    • How long does it take to activate F&O for an NRO Non-PIS account?

      The activation of the Futures & Options (F&O) segment for an NRO Non-Portfolio Investment Scheme (Non-PIS) account depends on your KYC (Know Your Customer) status: If your KYC is already marked as ‘Non-resident’, F&O access is typically activated ...
    • Can NRIs trade in the F&O segment?

      Yes, Non-Resident Indians (NRIs) can actively participate in Equity Futures & Options (F&O) trading in India—provided they hold an NRO Non-Portfolio Investment Scheme (Non-PIS) Account. FYERS is among the select few brokerages that enable NRIs to ...
    • What are the brokerage charges for NRIs trading in the F&O segment?

      At FYERS, Non-Resident Indians (NRIs) trading in the Equity Futures & Options (F&O) segment are subject to a flat, transparent fee structure tailored for regulatory compliance and custodial processing. Brokerage & Custodian charges Charge type ...
    • What is an NRO Non-PIS account?

      An NRO Non-Portfolio Investment Scheme (Non-PIS) account is a specialised investment account that allows Non-Resident Indians (NRIs) to invest in Indian securities on a non-repatriable basis. It treats foreign investments as domestic, making ...
    • Can NRIs trade in both equity delivery and F&O with a same account?

      Yes, Non-Resident Indians (NRIs) can trade in both Equity Delivery and Futures & Options (F&O) using a single NRO Non-PIS (Non-Portfolio Investment Scheme) account at FYERS. This setup eliminates the need to maintain multiple accounts for different ...