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?
Contract Note Purpose
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.
Contract Notes when Trading US Shares
When trading US shares through SelfWealth, contract notes are sent in a slightly different way. You will still receive one from us but they are sent 2:00 pm AEST time on the following trading day. Some examples, below.
If there is a public holiday in the US, you will receive it the following trading day.
|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|