Raghunandan Money – Investment Khushiyon Ka.

What is an ECN Declaration in the Account Opening Form?

By: Akriti Tomar | Date : Mar 3, 22

Being an online broker, RMoney requires an ECN declaration. An ECN is a consent given by the clients to brokers that he will share only digital contract notes on the client’s email id.

These contract notes are sent daily on the clients’ registered email id, as and when the trade is done with us. These contract notes hold all the details of the transactions done by you.

Taking care of the privacy involved in online trading, no physical statements or letters are sent. Hence, it is through mails that all the essential communication is carried out.

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    • # Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors.
    • # KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
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