Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Financial Markets

Question:
It is a number assigned to each transaction by the stock exchange and is printed on the contract note. Which of the following is being referred to here?
Options:
PAN number
Unique Order Code
Contract Note
None of the above
Correct Answer:
Unique Order Code
Explanation:
After the trade has been executed on a stock exchange,, within 24 hours the broker issues a Contract Note. This note contains details of the number of shares bought or sold, the price, the date and time of deal, and the brokerage charges. This is an important document as it is legally enforceable and helps to settle disputes/claims between the investor and the broker. A Unique Order Code number is assigned to each transaction by the stock exchange and is printed on the contract note.