securities version of a confirmation note. Dresdner Kleinwort Wasserstein financial glossary
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On the London Stock Exchange, on the day on which a bargain takes place a member firm must send to the client a contract note detailing the transaction, to include full title of the stock, price, consideration, commission and stamp duty (if applicable). Exchange Handbook Glossary
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The confirmation of your share purchase transaction.
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A confirming note containing details of a trade, sent by a financial intermediary to its client. The contract note specifies the market side (buy or sell), the amount, the date, and transaction costs ( brokerage fee, stamp duty, etc.). Also known as a trade confirmation. NYSE Euronext Glossary
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contract note UK US noun [C] FINANCE, STOCK MARKET
► a document given to an investor giving details of the shares they bought or sold, for example their price or the number of shares: »
Investors should read the contract note after each stock transaction to identify and solve any possible errors.
Financial and business terms. 2012.