When a trade has filled (either a buy or a sell) you will receive an email telling you it has filled.
Then, a few hours later, you will receive a 'contract note'. So, what is a 'contract note' and how is it different from an order filled confirmation from your broker?
What is the purpose of a contract note?
A 'contract note' is the legal record of any transaction carried out on a stock exchange through a stockbroker. It serves as the confirmation of trade done on a particular day on behalf of a client on a stock exchange.
You receive this document from your broker for ASX trades at end of the day at the latest. Selfwealth will always send your contract note to your registered email address. You can select additional email addresses to receive contract notes using the Selfwealth website (click here for more information).
You can also view historical contract notes on the Selfwealth website by navigating to Trading Account > Contract Notes.
What about contract notes for international trading?
Contract notes are also provided via email for international trades, and can be viewed by navigating to Trading Account > Contract Notes. Due to time zone differences, contract notes for international trades will be sent between 1:00 PM and 2:00 PM AEST/AEDT. If the order is filled after 1:00 PM, your contract note will be sent on the following trading day.
Some examples have been included below:
|Time of Trade Filling (Sydney Time)
|Time Contract Note is Sent (Sydney Time)
|Tuesday 1:30 am
|Approx. Tuesday 2:00 pm
|Saturday 12:30 am
|Approx. Monday 2:00 pm