What is an Electronic Contract Note in Zerodha?

Last Updated: Mar 20, 2024 Value Broking 1 Mins 2.3K

An Electronic Contract Note (ECN) in Zerodha is the digital or electronic version of a summarised note sent by brokers to clients, detailing all transactions executed on a particular day. It includes information such as instrument names, trades, quantities, prices, and applicable charges. The ECN confirms and provides a breakdown of all charges incurred. 

It enhances transparency in trading by enabling clients to cross-check their trades and transactions, ensuring clarity regarding amounts received or paid and detailing brokerage charges in one consolidated document.