Understanding the Contract Note

A contract note is a legal document confirming all trades executed through a stockbroker on a given day, including a detailed breakdown of incurred charges

Key Components of the Contract Note:

Client Information:
This section includes your basic details such as name, address, and unique client code.

Trade Details:

You can review your trade details, including the Order Number, Order Time, Trade Number, Trade Time, scrip details, and transaction type (buy or sell).

Financial Obligations:
+Pay In / -Pay Out Obligation: Reflects your profit and loss statement, including brokerage but excluding other charges. A negative amount signifies a credit to your trading account

Net Amount (-) Receivable / (+) Payable: Shows your profit and loss after accounting for brokerage and other charges. A negative amount indicates a credit to your trading account

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