Who issues the contract note for NRO F&O trades?
For NRI clients trading in the Futures & Options (F&O) segment through an NRO Non-PIS account, FYERS issues the contract note for each executed order. This serves as the official trade confirmation for all F&O transactions on FYERS platforms.
Difference between FYERS & custodian records
While FYERS issues the contract note, it does not include trade obligation details. These are provided separately by the custodian, Orbis Financial Corporation Ltd, as part of the clearing process.
Contract note & margin reporting process
- FYERS contract note: Includes trade summary such as symbol type, quantity, execution price, and brokerage.
- Orbis margin statement: Emailed by Orbis Financial; includes trade obligation summary, margin used and available, and daily settlement obligations.
FYERS issues the trade contract note, while settlement and margin obligation details are emailed directly by Orbis Financial.
What if…
| Scenario | What you should know |
|---|
| Only the FYERS contract note is received | This is expected; check your email from Orbis for obligation and settlement details. |
| Margin statements are missing | Confirm your email is current with FYERS and Orbis; contact support if delays persist. |
| Need consolidated reporting | Keep both FYERS contract notes and Orbis statements for accurate records and tax filing. |
Last updated: 13 Aug 2025
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