What is a Contract note and when i will receive it ?

What is a Contract note and when i will receive it ?

What is a Contract note and when i will receive it ?

Contract note is the legal record of any transactions carried out on a stock exchange through a stockbroker. It serves as the confirmation of trade done on a particular day on behalf of a client on a stock exchange.

Contract note gives you the key details of a particular transaction together with the date, time, price, quantity traded etc. It also includes a ‘Reference Number’ which can be used to cross-check the details of the transaction with the stock exchanges. A valid contract note should have all the  details in a structured format defined as per the guidelines.

you will also receive the contract note on your registered email id for every Transaction .