A document sent by a broker to his client to confirm a purchase of sale made on his behalf is

The document sent by a broker to his client to confirm a purchase or sale made on his behalf is called a contract note. A contract note is a legally binding document that confirms the details of a transaction between a broker and his client. It contains information such as the name of the security bought or sold, the quantity, the price, the date and time of the transaction, and the commission charged by the broker. The contract note serves as proof of the transaction and provides the client with an opportunity to verify the details of the transaction. If there are any discrepancies or errors, the client can bring them to the attention of the broker for correction. The contract note is an important document for both the broker and the client. For the broker, it is proof that the transaction has been executed on behalf of the client and allows him to claim his commission. For the client, it is proof that the transaction has been executed correctly and provides the client with a record of the transaction for accounting or tax purposes. In summary, a contract note is a document sent by a broker to his client to confirm a purchase or sale made on his behalf. It provides details of the transaction and serves as proof of the transaction for both the broker and the client.