An SGX contract note is the broker’s formal record of a securities purchase or sale. English matters because order submitted, trade executed, partially filled, contract note issued, intended settlement day, cash debited and securities credited are not one event.
People searching SGX contract note, share trade settlement Singapore, T+2 settlement or brokerage fees should begin with the official SGX rules, the broker’s issued contract note and the account’s cash and custody records.
SGX Rule 12.6 requires a Trading Member to send a customer a contract note for a securities or futures purchase or sale. For relevant licensed members, the rule says the note must be sent by the next market day and separately show applicable brokerage, stamp duty, GST and other fees.
Clear English helps an investor catch a wrong side, security, quantity, price, account or charge promptly; prepare funding or delivery; understand that an intended settlement timetable has boundaries; and ask the broker a precise question without treating a general guide as investment advice.
SGX SECURITIES · CONTRACT NOTE
Turn a trade execution into a checked settlement record
Authenticate the broker, match the account and order, verify buy or sell, security, quantity, currency and execution price, separate trade date from settlement date, reconcile charges and confirm the custody and cash route.
Open the complete section index
- Authenticate the broker and note
- Match the account and authority
- Read buy or sell before numbers
- Identify the exact security and market
- Distinguish order from execution
- Verify quantity and execution price
- Separate trade date from settlement date
- Understand T+2 without overgeneralising
- Rebuild gross consideration
- Read every fee on its own line
- Map cash and custody routes
- Prepare for a shortfall or failed delivery
- Raise an execution discrepancy precisely
- Close the reconciliation trail
- Worked examples
- Practice studio
- Advice for students, parents and mentors
- Frequently asked questions
- Useful next reading
Official sources and the date boundary
The factual floor comes from the live SGX contract-note, settlement and depository rules. The investor’s broker agreement, issued note and account records control the particular transaction.
- SGX Rule 12.6: Contract Notes
- SGX: Chapter 9 Settlement
- SGX: Clearing Information
- SGX: Depository
- SGX: Manage My Account
These official pages were checked on 25 October 2026. Live interfaces, lists, contact details and procedures can change. Reopen the official source before acting, and keep the publication or update date visible.
Did You Know? For the ready market in securities other than wholesale corporate bonds, SGX’s current rule states an intended settlement day of T+2. T is the execution date, not the day someone first considered the trade.
1. Authenticate the broker and note
Use the broker’s official app or portal and verify the document identity.
A contract note is execution evidence, not a prediction of profit. Buy or sell, quantity, price and trade time describe what was transacted; later market movement describes something else.
Contract-note scene: A message claims a settlement shortfall and requests payment to a personal bank account.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: open the broker directly; match account reference; match note number; use official contact. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Do not send funds or credentials through an unverified message. Authentication protects all financial records. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- open the broker directly
- match account reference
- match note number
- use official contact
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
2. Match the account and authority
Confirm whose account executed the trade and the stated custody arrangement.
Trade date and intended settlement day belong to different operational stages. SGX’s current ready-market rule generally states T+2, while SGX-ST retains power to change dates and special markets can differ.
Contract-note scene: A family member forwards a note but removes the account header.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: identify account holder; match account type; identify broker; protect identifiers. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Only authorised parties should act on the account. Role discipline supports consent. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- identify account holder
- match account type
- identify broker
- protect identifiers
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
3. Read buy or sell before numbers
Confirm the transaction side because it reverses the cash-and-securities movement.
Gross consideration, brokerage, exchange or clearing fees, other charges and GST should remain separate before a reader reconciles the net amount.
Contract-note scene: A sale is filed as a purchase because both mention the same security.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: mark BUY or SELL; state cash direction; state securities direction; check against instruction. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Do not infer the side from price movement. Directional language supports accounting. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- mark BUY or SELL
- state cash direction
- state securities direction
- check against instruction
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
4. Identify the exact security and market
Use the full name, code, market and currency shown.
A contract note is execution evidence, not a prediction of profit. Buy or sell, quantity, price and trade time describe what was transacted; later market movement describes something else.
Contract-note scene: Two similarly named securities are confused.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: copy code; copy full name; name market; name currency. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: A similar name is not the same instrument. Identifier control supports research. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- copy code
- copy full name
- name market
- name currency
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
5. Distinguish order from execution
Compare the instruction with what actually filled.
Trade date and intended settlement day belong to different operational stages. SGX’s current ready-market rule generally states T+2, while SGX-ST retains power to change dates and special markets can differ.
Contract-note scene: A limit order for 1,000 units fills in two parts, but the investor expects one execution line.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: retrieve order; list executions; sum quantities; compare price conditions. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: The note records executed business, not every unfilled intention. Process-state reading supports procurement. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- retrieve order
- list executions
- sum quantities
- compare price conditions
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
6. Verify quantity and execution price
Check units, lot context and price basis carefully.
Gross consideration, brokerage, exchange or clearing fees, other charges and GST should remain separate before a reader reconciles the net amount.
Contract-note scene: A decimal price is read as a total transaction value.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: copy quantity; copy unit price; multiply independently; compare gross amount. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Use the instrument’s stated units and currency. Numeracy and English reinforce each other. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- copy quantity
- copy unit price
- multiply independently
- compare gross amount
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
7. Separate trade date from settlement date
Plot execution and intended delivery/payment on different lines.
A contract note is execution evidence, not a prediction of profit. Buy or sell, quantity, price and trade time describe what was transacted; later market movement describes something else.
Contract-note scene: Friday’s trade is assumed to settle two calendar days later.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: record trade date; read stated settlement date; recognise market days; calendar funding. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: SGX may change dates and some markets have different rules. Calendar precision supports deadlines. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- record trade date
- read stated settlement date
- recognise market days
- calendar funding
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
8. Understand T+2 without overgeneralising
Apply the current ready-market rule only to the market it covers.
Trade date and intended settlement day belong to different operational stages. SGX’s current ready-market rule generally states T+2, while SGX-ST retains power to change dates and special markets can differ.
Contract-note scene: T+2 is repeated as a universal rule for every instrument.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: identify market; open current rule; note exceptions; use date on note. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: The issued note and current rule control the actual timetable. Scope reading supports examinations. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- identify market
- open current rule
- note exceptions
- use date on note
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
9. Rebuild gross consideration
Calculate quantity multiplied by price before charges, allowing for the note’s conventions.
Gross consideration, brokerage, exchange or clearing fees, other charges and GST should remain separate before a reader reconciles the net amount.
Contract-note scene: The net debit is mistaken for the security value alone.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: calculate base amount; check rounding; name currency; compare printed figure. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Broker conventions and instrument features can affect presentation. Reconciliation supports commerce. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- calculate base amount
- check rounding
- name currency
- compare printed figure
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
10. Read every fee on its own line
Separate brokerage, SGX or CDP-related fees, other charges and GST where shown.
A contract note is execution evidence, not a prediction of profit. Buy or sell, quantity, price and trade time describe what was transacted; later market movement describes something else.
Contract-note scene: All differences are called commission.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: copy each label; copy amount; identify rate if stated; sum independently. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Do not invent a fee rate from an old example. Fee taxonomy supports invoices. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- copy each label
- copy amount
- identify rate if stated
- sum independently
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
11. Map cash and custody routes
Identify the bank, trading account, CDP account or depository agent route that applies.
Trade date and intended settlement day belong to different operational stages. SGX’s current ready-market rule generally states T+2, while SGX-ST retains power to change dates and special markets can differ.
Contract-note scene: The investor expects direct CDP credit although the account uses a custodian.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: read account arrangement; check funding method; check custody route; verify expected entries. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Account structures differ across brokers. System mapping supports finance. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- read account arrangement
- check funding method
- check custody route
- verify expected entries
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
12. Prepare for a shortfall or failed delivery
Read broker instructions promptly if money or securities are insufficient.
Gross consideration, brokerage, exchange or clearing fees, other charges and GST should remain separate before a reader reconciles the net amount.
Contract-note scene: A settlement warning is ignored because the portfolio screen still shows the trade.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: authenticate warning; identify shortfall; check deadline; contact broker officially. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Consequences depend on the broker agreement and rules. Contingency reading supports operations. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- authenticate warning
- identify shortfall
- check deadline
- contact broker officially
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
13. Raise an execution discrepancy precisely
Quote the note number, security, side, quantity, price and disputed field.
A contract note is execution evidence, not a prediction of profit. Buy or sell, quantity, price and trade time describe what was transacted; later market movement describes something else.
Contract-note scene: The investor says the trade is wrong without naming the mismatch.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: preserve order evidence; preserve note; state exact difference; ask for investigation. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: Do not alter records or delay a time-sensitive query. Issue framing supports complaints. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- preserve order evidence
- preserve note
- state exact difference
- ask for investigation
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
14. Close the reconciliation trail
Match order, contract note, cash movement, custody entry and statement.
Trade date and intended settlement day belong to different operational stages. SGX’s current ready-market rule generally states T+2, while SGX-ST retains power to change dates and special markets can differ.
Contract-note scene: The note exists, but nobody checks whether settlement entries agree.
The practical method is to build a trade reconciliation with fields for broker, account, buy or sell, security, market, currency, quantity, execution price, trade date, intended settlement day, gross consideration, brokerage, third-party fees, GST, cash route, custody route and query deadline. Work in sequence: store order; store note; match cash; match securities and statement. Keep the controlling agreement, note, bill, portal record or official instruction beside the plain-English note. A neat summary can still remove a condition, attach the wrong date to the wrong event, or quietly upgrade a provisional state into a completed one.
Read the record from three positions: the person affected, the trusted helper, and the authorised organisation that owns the next step. Each reader should be able to name the same identity, object, state, date, amount and action owner. If their summaries disagree, return to the controlling sentence rather than deciding by confidence, urgency or memory.
Boundary: A contract note alone does not prove every later posting. End-to-end verification supports audits. This guide teaches careful English, evidence handling and proportionate follow-through. It does not decide a contractual, investment, fee, admission or employment outcome, and it cannot replace the current instructions of the responsible organisation.
A four-line working note
- store order
- store note
- match cash
- match securities and statement
Write one sentence that preserves the source, object, finding and next action. Then ask what the document does not establish. That second sentence is often where mature comprehension appears.
Worked examples
Side changes everything
BUY creates an expected payment and securities receipt; SELL reverses the direction.
Reading lesson: Read the verb first.
T is execution
A Friday trade is plotted using market days and the note’s stated settlement date.
Reading lesson: Do not substitute calendar days.
Net is not gross
The base consideration and each charge are rebuilt separately.
Reading lesson: Labels preserve meaning.
Partial fills still reconcile
Two executions add to the filled quantity while the unfilled balance remains separate.
Reading lesson: Order and execution are different states.
SGX contract-note reading studio
Trade anatomy
Label a fictional note without making an investment judgement.
- side
- security and market
- quantity and price
- trade and settlement dates
After the exercise, explain which single word or field changed the decision. If the answer is “none”, the source may not yet contain enough evidence to act.
Fee rebuild
Reconcile gross consideration and separate charges.
- base amount
- brokerage
- other fees
- GST and net
After the exercise, explain which single word or field changed the decision. If the answer is “none”, the source may not yet contain enough evidence to act.
Evidence chain
Match order, note, cash and custody records.
- instruction
- execution
- settlement
- statement
After the exercise, explain which single word or field changed the decision. If the answer is “none”, the source may not yet contain enough evidence to act.
Advice for students, parents and mentors
For investors
Check the note promptly and fund or deliver through authorised routes.
Treat the note as transaction evidence, not a profit forecast.
For families
Do not trade or contact the broker without account authority.
Protect account numbers and holdings.
For students
Practise direction, time and fee vocabulary.
Investment decisions require risk understanding beyond document reading.
The goal is not to make a young person afraid of every official page. It is to make careful checking feel normal, achievable and quietly empowering. English becomes useful when it helps someone pause, verify, ask a precise question and choose a proportionate next step.
Frequently asked questions
What is a contract note?
A formal broker record for an executed purchase or sale.
When should it arrive?
SGX Rule 12.6 states by the next market day for the relevant licensed Trading Member.
What does T+2 mean?
For the covered ready market, intended settlement is the second market day after execution.
Is T+2 universal?
No; identify the market and current rule.
Why read BUY or SELL first?
It determines the direction of cash and securities.
Is the net amount just quantity times price?
No; applicable charges and GST may change it.
Does the note prove custody credit?
Not by itself; reconcile the later custody record.
What if the trade differs from my instruction?
Preserve both records and contact the broker promptly through an official channel.
Does this tell me what to buy?
No; it teaches document reading, not investment advice.
Why English?
Because order, execution, trade date, settlement, gross and net describe different stages and amounts.
Useful next reading
Continue with verified practical-English guides for financial records and decisions.
- English Learning Hub — the canonical map for practical English reading and communication
- Asking Better Questions in Class — a method for turning uncertainty into one useful question
- Reading Course and Career Information — how to preserve sources, conditions and decision boundaries
- Reading a Bank Statement — the neighbouring cash-record skill
- Understanding Job Descriptions — another field-by-field decision document
An SGX contract note becomes useful when the investor authenticates it, reads the side and security, reconciles quantity and price, separates execution from settlement, rebuilds charges, maps cash and custody routes, and closes the trail with later account records.