Contract Note
A contract note is an official document issued by a stockbroker to an investor after completing a transaction on a stock exchange. It contains a detailed record of the trades executed on behalf of the investor, including the following: - Transaction details: Information such as the stock traded, quantity, price, and date of the trade. - Brokerage charges: Any fees or commissions charged by the broker for executing the trade. - Taxes: Details of applicable taxes like Securities Transaction Tax (STT). - Settlement details: Information on how and when the payment or delivery of securities will occur. The contract note is legally binding and serves as proof of the transaction. It also helps investors track their investments and ensures transparency in trading activities.
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