Zerodha (Trading Account)
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Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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A Contract Note is a document provided by the stock broker to the customer. It contains records of the trades carried out by a client on a particular day.
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A Contract Note is a document provided by the stock broker to its customer on the day when the customer traded with them. This document captures all the transactions or trades on a particular day, brokerage fee and taxes. It is a reference point for clients to see their trades and the corresponding prices.
It is the legal obligation of the stock broker to send a contract note to the customer who traded on a particular day. A contract note sent via E-mail is called an 'Electronic Contract Note' (ECN) or a 'Digital Contract Note'.
Note:
The contract note format is prescribed by the stock exchanges. A contract note should have the following details;
A Contract Note does not contain the following;
NOTE:
The Securities and Exchange Board of India (SEBI) is a regulatory body for the financial securities (like stocks, bonds, mutual funds) market in India. It falls under the jurisdiction of the Ministry of Finance, Government of India.Every SEBI registered stock broker is allotted a unique 12-digit SEBI registration number. For example, the SEBI registration number for Zerodha is INZ000031633.
Every stock broker has in-house dealing desks. Clients can call and give instructions to certified dealers to execute trades on their behalf.
It is the unique identification code issued by a stock broker to its clients. It can either be numeric or alpha-numeric.
A settlement number is a 7-digit number. The first 4 digits represent the year, and the other 3 digits represent the settlement number of the exchange on which the transaction has been executed.
A PDF Contract Note is provided by the broker via email for free of charges. Most brokers charge a fee for paper contract notes sent via courier. The charges for this vary by the broker.
A Contact Note format is specified by the stock exchanges and followed by the stock brokers. The contract note by the different brokers looks similar in terms of details captured in them. Below are few contact note samples:
The PDF Contract Note sent via email is password protected. The password of the contact note is usually the PAN Number. Some brokers also use unique client ID for contact note passwords.
The password for the contract note sent by Zerodha is the PAN number of the customer.
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A contract note is a legal document on stamp paper. It is shared by the stock broker to its customer on the day when the customer did trade. It provides detail of daily stock market trades including a list of trades, prices, brokerage and taxes.
Stock brokers send the PDF contract note to the customers at end of the trading day. It contains all the transactions done in the stock market by the customer on a particular day.
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.
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Column |
Description |
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Order Number |
The stock exchange order number |
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Order Time |
Timestamp of when the order was placed |
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Trade Number |
The trade number on the stock exchange |
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Trade Time |
Timestamp of when the order was executed |
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Security/Contract description |
The scrip for which the order was placed |
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Exchange -Buy/Sell |
The exchange on which the trade was executed, and the transaction type |
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Quantity |
The quantity that was traded against each order number |
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Gross Rate/ Trade Price per unit |
The price at which the order was executed |
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Brokerage |
The brokerage charged against the trade |
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Net Rate per unit |
The gross rate minus the brokerage charge |
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Closing rate per unit |
The price at which the contract closed for the day in the derivates market |
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Net total before levies |
The total amount due to the client or from the client before brokerage and taxes. |
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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.
The electronic Contract Note in PDF format is sent to all the customers via email for free. A contract note in an electronic format is called an E-Contract Note (ECN) or a Digital Contract Note.
The contact note PDFs are digitally signed and password protected. The stock brokers use the PAN Number or unique client id as a password for the contract note.
If you are not receiving a contact note in the email, you should consider:
Stock brokers issue the Contract Note to its customer. Contract note is issued daily for trades done on a particular day. If there are no trades done on the given day, the stock broker doesn't issue the Contract Note.
Contract Note is sent in PDF format via email to all the customers for free.
Yes, you must receive a contract note from your stock broker when you purchase shares.
A contract note is a legal document (on stamp paper) of any trades done by the customer at the stock exchange via a broker on the given day.
Contract note includes transactions like purchase of shares, sell of shares and trades in future and options. It includes key details like order information, price, brokerage charges and taxes.
A Contract Note in the share market is a summary of all the trades done by a registered stock broker on behalf of a client on a particular day, on stock exchanges. It is a legal obligation of every stock broker. Your stock broker issues a Contract Note at the end of the day if you have bought or sold shares through him in the share market.
A Contract Note is a legal record of any transaction carried out by a stock broker, on the exchange, on behalf of its client. It is the confirmation of trades executed on a particular day. An investor receives an electronic contract note (PDF file via email) from his broker at end of the day, if he has transacted in the stock markets.
A Contract Note should be issued by a stock broker by the end of the day (if any transactions have been executed by the broker on behalf of the client on that particular day).
An Electronic Contract Note is sent by e-mail to the client on the same day of the transactions. A Physical Contract Note takes a few days to reach the client since it has to be sent by post to the registered address.
A Contract Note should be issued in the contract note format prescribed by the stock exchange.
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| Link|January 27, 2022 6:45:32 PMReply
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