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Electronic Contract Note ECN Declaration (Voluntary) To, Microsec Commerce Limited Shivam Chambers, 1st Floor, 53, Syed Amir Ali Avenue, Kolkata 700019 Dear Sir, I, a client with Member M/s. Microsec
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Electronic Contract Note (ECN) is a digitally generated document that records the details of a transaction between a broker and client in the stock market.
Brokers and intermediaries in the stock market are required to file electronic contract note (ECN) for each transaction with their clients.
To fill out an electronic contract note (ECN), brokers need to enter details such as trade date, quantity, price, client details, and any other relevant information regarding the transaction in the prescribed format.
The purpose of electronic contract note (ECN) is to provide a transparent record of transactions between brokers and clients, ensuring accuracy and clarity in trade-related documentation.
Information such as trade date, quantity, price, client details, broker details, and transaction details must be reported on electronic contract note (ECN).
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