What is a contract note?

A contract note is an official record summarizing all trades conducted on a specific day, serving as legal proof for transactions in both offline and online trading. When we talk about a contract note at TradeJini, it encompasses several key details:

Order Details:
The order number and the quantity of the trade executed.

Trade Execution Information:
The order time and the execution time of the trade.

Security Information:
The name and symbol of the traded security.

Action Type:
Specifies whether the action involves selling or buying shares/assets.

Trade Type:
Indicates the nature of the trade, distinguishing between intraday or delivery.

Price and Quantity:
Includes the price of the trade along with the quantity traded.

Charges Incurred:
Outlines any charges applied, such as brokerage fees and other relevant charges.

Net Amount:
Displays the net amount resulting from the trade, indicating whether it is payable or receivable.

In essence, a contract note provides a comprehensive snapshot of your trading activities for the day.