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 trading day but also establishes a legally binding relationship between you (the client) and FYERS.
Key purposes of the Contract Note:
- Proof of Trade: It provides a clear record of the trades executed, including details such as security names, quantities bought or sold, and at what prices.
- Transparency: All associated charges, such as brokerage fees, STT/CTT, GST, and other transactional charges, are detailed out, ensuring you are aware of all costs related to the trade.
- Legal Security: The Contract Note acts as a binding agreement between you and FYERS, ensuring both parties adhere to the terms of the trade and any associated settlements.
- Regulatory Compliance: Issuing a Contract Note is mandated by regulatory bodies to maintain a transparent and accountable trading ecosystem.
Receiving a Contract Note ensures your interests are protected, and you have a documented trail of your trading activities. It's essential to review these notes regularly for accuracy and for your own record-keeping.
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 ...
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 ...
Which scrips can I trade or invest in Fyers platforms?
At FYERS, you have the flexibility to trade or invest in various scrips across NSE and BSE. While scrips are categorized under different 'Series', it's essential to note that not all series are available for trading. For a comprehensive list of ...
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.
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 ...