what is contract note?



what is contract note?..

Answer / chandu_c4u

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 ?    5 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

What is Bank Reconcilation Statement?

13 Answers   First Midwest Bank, IBM,


Expand---------CBDE

2 Answers  


What is Opening & Closing Entry

4 Answers  


what do you h.s.b.c

1 Answers  


Stock Turnover Ratio?

22 Answers   Capital IQ,






what is derivaties, equities, and mutul fund

4 Answers   BPO,


What will be entry if company purchase a dog for ware house?

14 Answers  


This question mainly related to pay rolls in excel could i get the formulae for this an employee is working 8 hours in the company the excess of eight hours will be treated as o.t

2 Answers  


What are the responsibilities of corporate finance officer ?

1 Answers  


In tally drawing accounts come under which account

22 Answers   ABC,


Short Answer on ______Bad Debts

4 Answers  


Expand-------TNAS

2 Answers  


Categories