Contract notes are generated based on the trade files and the settlement files we receive from the Exchange. On the said day, we received the file with Re.1 as the settlement price and the entry on the ledger was posted considering 1 as the settlement price of the contract.
The next day, we received an ‘Adhoc charges’ file from the Exchange on the basis of which the differential entry was posted and additional MTM debited/credited. In respect of the additional MTM, the following email was sent:
