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?
What if...
| Scenario | What you should know |
|---|
| You only receive the FYERS contract note | That’s expected. Check your email from Orbis for obligation details. |
| You haven’t received margin statements | Ensure your email address is updated with FYERS and Orbis; contact support if delays persist. |
| You need consolidated reporting | Maintain 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
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