Issuance of Electronic Contract Notes (ECNs) in Equity Derivatives Segment

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..... e of Electronic Contract Notes (ECNs) in Equity Derivatives Segment 1. This is in continuation of SEBI Circular no. DNPD/Cir-9/04 dated February 3, 2004, on the issuance of electronic contract notes as a legal document like the physical contract note for the equity segment. 2. In consultation with the exchanges, it has now been decided to extend the facility of issuance of ECNs as a legal docume .....

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..... ndard terms of contract as are required to be mentioned in the Contract Notes as per the Bye-laws and Regulations of exchanges, which are not contained in ECNs, shall be incorporated in the Client Broker Agreement or where applicable, the Tripartite Agreement between the stock broker, sub-broker and the client. This circular is being issued in exercise of powers conferred under Section 11 (1) of .....

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