General

What are Contract Notes?

Contract note is a statement of confirmation of trade(s) done on a particular day for and on behalf of a client. It provides a summary of all the trades taken during the day. A contract note is issued in the prescribed format and manner, establishing a legally enforceable relationship between the member and client in respect to the trades stated in that contract note. Contract notes are made in duplicate, where the member and client both keep one copy each.