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Question
what is contract note?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is contract note?
Answer
# 1
contract note is a document issued by the broking 
firms/banks or other surities related firms to its client 
to provide the necessary information about the transaction 
done by the investor, but these docenetsd are issued later 
than the end of the second business day after entering into 
the relevant transactions/contracts.

A contract note includes the following information-

   (a)  the name under which the intermediary carries on 
business;or name f the organisation

   (b)  the name and account number of the client of the 
intermediary; or a/c number and a/c holder name and address 
details

   (c)  full particulars of the relevant contract including-

(i)    the quantity, name(name of the security), description
(buy.sell) and such other particulars of the securities, 
futures contracts or leveraged foreign exchange
contracts involved, as are sufficient to enable them to be
               identified;

(ii)   where the relevant contract is for a dealing in 
securities or  futures contracts, the nature of the dealing;

 (iii)  the name of the market or exchange on which the 
relevant contract has been executed; and

(iv)   whether the relevant contract is for the opening or 
closing of a position;

(d)  where the relevant contract is not a leveraged foreign 
exchange
        contract and the intermediary is acting as 
principal, an indication
        that it is so acting;
(e)  the date-

(i) on which the relevant contract is entered into;
(ii)   of settlement or performance of the relevant 
contract; and
(iii)  on which the contract note is prepared;

(f)  the rate or amount of commission payable in connection 
with the relevant contract;

(g)  the amount of stamp duty payable in connection with the
        relevant contract;

(h)  the amount of levy payable in connection with the 
relevant  contract; and

(i)    the amount of charges payable in connection with the 
relevant contract or, where the relevant contract is in 
respect of interests in a collective investment scheme, the 
basis for calculation of such charges.

and etc...
 
Is This Answer Correct ?    0 Yes 0 No
Chandu_c4u
[Ricoh]
 

 
 
 
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