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How to understand the contract note?

The contract note includes the details of the trades taken for the day such as:

  • The Order No column shows the exchange order number.
  • Order time shows the timestamp of when the order was placed.
  • Trade No shows the trade number on the exchange.
  • Trade time shows the timestamp of when the order was successfully executed at the exchange.
  • The Security/Contract description column shows the stock or instrument for which the order is for.
  • Buy/Sell mentions the transaction type.
  • Gross Rate/Trade Price Per unit (Rs) shows the price at which the order got executed
  • The Net Rate per unit (Rs) column will be the same as the gross rate per unit — as in contract notes, the brokerage charges are mentioned separately.
  • The Closing Rate per unit(only for Derivatives) (Rs) is applicable to carried over derivative contracts and shows the price at which the contract is closed for the day.
  • Net total (Before Levies) shows the total amount due to the client or from the client before brokerage and taxes.

These details can be used to verify the trades at the exchange.

The last page shows:

  • All the brokerages and taxes applicable i.e., GST, STT, stamp duty, SEBI turnover fee, and exchange transaction tax. CGST and SGST of 9% each will be charged if the billing address is Karnataka, and IGST of 18% for other states.
  • The net amount receivable or payable will be mentioned at the end of the table.

  • Other charges such as DP charges and call and trade charges are not shown on the contract note.  These charges can be seen on the funds statement. See Where can I see my funds statement? and What are call and trade (auto square off) charges?
  • If the amount in the row Net amount receivable by Client / (payable by Client) is inside brackets, it means that the money is due from the client i.e., it will be deducted from the client’s trading account. This could be a purchase made or a loss incurred.
  • The Order no. and the Trade no. will be shown as  111111 or as 222222 in order to indicate that the position is exchange settled. For physical settlement (delivery based), the order no. will be 333333. The Order time will be shown as 15:40:00 and the Trade time will be 00:00:00.