How to Read a Contract Note?

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A Contact Note contains the detail of trades performed by the customer on the given day. The details include a list of trades done, order details, brokerage, taxes and customer obligation.

Reading a Contract Note

Column	Description
Order Number	The stock exchange order number
Order Time	Timestamp of when the order was placed
Trade Number	The trade number on the stock exchange
Trade Time	Timestamp of when the order was executed
Security/Contract description	The scrip for which the order was placed
Exchange -Buy/Sell	The exchange on which the trade was executed, and the transaction type
Quantity	The quantity that was traded against each order number
Gross Rate/ Trade Price per unit	The price at which the order was executed
Brokerage	The brokerage charged against the trade
Net Rate per unit	The gross rate minus the brokerage charge
Closing rate per unit	The price at which the contract closed for the day in the derivates market
Net total before levies	The total amount due to the client or from the client before brokerage and taxes.
Pay-in and Pay-out obligation	A negative figure indicates a Pay-in obligation. A positive figure indicates a Pay-out obligation

The total amount of brokerage, applicable charges, taxes (GST, SEBI Turnover Fee, Stamp Duty, and Exchange Transaction Tax), and the net amount receivable or payable by the client, are mentioned in a table at the end of the contract note.

Topic: Contract Note Defenition

1 Comments

1. Raghunandan

| Link|December 8, 2021 2:01:12 PMReply

In case of contract note Qnty. It stand for total unit I mean if it is nifty option than 2 lots= 150 Qnty and in case of currency option 2 lots =2000 Qnty.
So on short Qnty= no’s of lots or no’s. Of units?

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