What is an Electronic Contract Note in Zerodha?
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.