WHAT IS A CONTRACT NOTE? | ஒப்பந்தக் குறிப்பு என்றால் என்ன?

 

CONTRACT NOTE:

When you go to a grocery shop to buy things and after paying the money for the things you have bought, the grocery shop worker will provide you a bill, which contains all the items you bought, the quantity you bought, and the price for the number of items you bought. In the same way, In the stock market, Contract notes confirm the trades that are executed on behalf of a client by a trading member on a specific day. Let us know the advantages of the contract note.

ADVANTAGE OF CONTRACT NOTE:

1.  A trading member and investor can also settle disputes or claims through these services. 
2. It imposes the relationship between the client and the trading member. 
3. It helps in computing the total brokerage charges charged by a broker, total capital gains/losses, etc.
4. It is presented in a prescribed form containing all the details of the trade duly signed by the authority, hence it is proof of your money invested.

SAMPLE CONTRACT NOTE:

CONTENTS OF CONTRACT NOTE:

SEBI prescribes the format of Contract Note.

1. On the top of the Contract Note, you will find the name of the trading member along with its address and SEBI registration number.

2. After this, on the left side of the note, you will find the following:

• Contract Note Number

• Trade Date

• Name of the client

• Address of the client

• PAN of the client

• Unique Client Code (UCC) of client – This is the id that helps you to log in and trade.

• On the right side, you will find three columns stating as to whether you have traded on National Stock Exchange (NSE), Bombay Stock Exchange (BSE), or Multi Commodity exchange (MCX) platform. Aligned to this you will find the Settlement No and Settlement Date under the respective exchange heads as mentioned above.

3. After that, every detail of your transaction is mentioned:

• Order No.

• Order Time

• Trade No.

• Trade Time

• Security or Contract Description

• Buy (B)/ Sell (S)

• Quantity

• Gross Rate

• Brokerage per unit

• Net Rate per unit

• Net total

Within this part, you will find details regarding all the transactions (buy/sell) you have made in the above serial along with the rates and quantity.

4. After this you will find details of the total pay-out/ pay-in made in the following manner:

• Pay-in/ Pay-out obligations

• Brokerage Charges

• Exchange transaction charges

• GST @18% on the brokerage and transaction charges

• Securities Transaction Tax

• SEBI Turnover fee

• Stamp Duty

This is how a contract note is made. Contract Note is an important document for an investor to know their transactions, and also for the brokers to keep in touch with their investors.

DISCLAIMER:-

The content of this site is only for educational purpose. I am not SEBI Registered. The motive of this site is to share my knowledge on share market to new budding investors and others who are learning about stock market

My Kind request to my site viewers, Before taking any decision please do self analysis, consult or discuss with Your financial Advisor .

மறுப்பு:-

இந்த தளத்தின் உள்ளடக்கம் கல்வி நோக்கத்திற்காக மட்டுமே. நான் செபியில் பதிவு செய்யப்படவில்லை. இந்த தளத்தின் நோக்கம், பங்குச் சந்தையைப் பற்றிய எனது அறிவை புதிய வளரும் முதலீட்டாளர்கள் மற்றும் பங்குச் சந்தையைப் பற்றி அறிந்துகொள்ளும் மற்றவர்களுக்குப் பகிர்வதாகும்

எனது தள பார்வையாளர்களுக்கு எனது அன்பான வேண்டுகோள், எந்தவொரு முடிவையும் எடுப்பதற்கு முன், சுய பகுப்பாய்வு செய்யுங்கள், ஆலோசனை செய்யுங்கள் அல்லது உங்கள் நிதி ஆலோசகருடன் விவாதிக்கவும்.