A contract note is a confirmation of all your trades done on a particular day. Whenever you trade, a contract note will be sent to your registered email ID within 24 hrs. This is as per the format prescribed by Securities and Exchange Board of India (SEBI).
A contract note is broadly divided into three parts:
- User information
- Trade information
This contains basic information such as the date for which this contract note was created, the trading code, user's name, and other details.
All the trade-related information will be shown here. Here are some important points you need to pay attention to:
- When you fill a single order and multiple trades happen at different prices, then there will be multiple entries in the contract note
- Since Upstox is a discount broker, the brokerage is calculated per order and not per trade. In the contract note, it is grouped together and shown at the end. See how brokerage is calculated
- Net rate and the gross rate will be same as brokerage charges are shown as a separate entry
- The total amount that is due by the user (per trade) is shown in the 'Net Total' column. Sell values are shown as -ve and buy values are shown as +ve
- Remarks - Additional information about the position is given here. You can know whether it is a carry-forward position or a brought-forward position. This is applicable for derivatives trades only
- B/F - Brought forward: This is an accounting terminology which is used to calculate the marked-to-market (MTM) value of the future. Its calculation is based on the last trading day's closing price of the scrip
- C/F - Carry forward. This is an accounting terminology which is used to calculate the marked-to-market value (MTM) of the future. Its calculation is based on that day's closing price of the scrip
- Closing rate is applicable only for derivatives. It is basically the rate at which the scrip has closed that day
- In the end, pay-in and pay-out obligation, minus the charges are shown
Futures contract note
Equity contract note
This section has all the charges a user has to pay for the orders placed in the selected segment for a particular day. The charges can be broadly categorised into:
1. Transaction changes
This includes the:
- Securities/Commodities transaction taxes (STT/CTT)
- Exchange and clearing transaction charges
- Stamp duty
- SEBI fees
For detailed transaction charges and for BSE charges, please click here
2. Margin - the margin difference is calculated based on the T and T-1 closing prices. It includes the:
- Exposure margin
- Span margin
You can use our Brokerage Calculator to calculate the brokerage and other charges levied for individual orders.
- 18% GST is applicable on brokerage and other charges for all users
- Special charges like Account opening fees, Demat annual maintenance charges, Auto square-off charges, fines, MTF interest, fund transfer charges for net banking, and call-n-trade charges etc. will not be shown in the contract note. Please check ledger for such charges.
- CGST + SGST will be levied if you are from Maharashtra. Otherwise, IGST/UGST will be levied.