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Word of the Day🔔
Contract Note🖥
It is a legal document that acts as a proof for all the transactions made on the stock exchange.
It has all the information about the broker and client transactions.
It includes the kind of security or stock traded, if it was bought or sold, the order quantity, price, date of the transaction, brokerage, etc.
It is mandatory for all brokers in the equity and derivatives segment to send contract notes to their clients.
However, it is not issued for mutual fund transactions.
Most brokers send contract note via email. It is called ECN (Electronic Contract Notes).
Contract note provides transparency and proof of the trade. It also acts as a legal document in case of any disputes.
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