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Contract Specifications
Contract Specifications
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Contract Specification for Index Futures contracts
| Security Symbol | Click here for details | |||||||||
| Underlying | ||||||||||
| Contract Multiplier | ||||||||||
| Content Period | 1,2,3 Month | |||||||||
| Tick Size | 0.05 index points | |||||||||
| Price Quotation | Index points | |||||||||
| Trading Hours | 9.55 a.m to 3.30 p.m | |||||||||
| Last Trading/Expiration Day | Last Thursday of the contract month. If it is holiday, the immediately preceding business day. Note: Business day is a day during which the underlying stock market is open for trading. | |||||||||
| Final Settlement | Cash Settlement. On the last trading day, the closing value of the underlying index would be the final settlement price of the expiring futures contract. | |||||||||
| Note :It has been decided to change the expiry date of the monthly index futures and options contracts from the last Thursday of the month to the Thursday falling two weeks prior to the last Thursday of each contract month starting from the December 2009 contract. Accordingly expiry dates for December 2009 and January 2010 contracts will be as under:
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Contract Specifications for Single Stock futures Contracts
| Security Symbol | Click here for details | |||||||||
| Underlying | ||||||||||
| Contract Multiplier | ||||||||||
| Content Period | 1, 2 & 3 months | |||||||||
| Tick Size | 0.05 points i.e. 5 paisa | |||||||||
| Price Quotation | Rupees per share. | |||||||||
| Trading Hours | 9.55 a.m to 3.30 p.m | |||||||||
| Last Trading/Expiration Day | Last Thursday of the contract month. If it is holiday, the immediately preceding business day. Note: Business day is a day during which the underlying stock market is open for trading. | |||||||||
| Final Settlement | Cash Settlement. On the last trading day, the closing value of the underlying stock is the final settlement price of the expiring futures contract. | |||||||||
| Note : It has been decided to change the expiry date of the monthly Stock futures and options contracts from the last Thursday of the month to the Thursday falling two weeks prior to the last Thursday of each contract month starting from the January 2009 contract. Accordingly expiry dates for January and February 2010 contracts will be as under:
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Contract Specification for Index Options contracts (Weekly, Monthly & Long Dated Options )
| Security Symbol | Click here for details | |||||||||
| Underlying | ||||||||||
| Contract Multiplier | ||||||||||
| Content Period | 1, 2 weeks and 1, 2, 3 months and also Long Dated Options on SENSEX® | |||||||||
| Exercise Style | European | |||||||||
| Settlement Style | Cash | |||||||||
| Tick Size | 0.05 index points | |||||||||
| Primium Quotation | In index points | |||||||||
| Strike price Intervals | Shall have a minimum of 3 strikes (1 in-the-money, 1 near-the-money, 1 out-of-the-money). | |||||||||
| Trading Hours | 9.55 a.m to 3.30 p.m | |||||||||
| Last Trading/Expiration Day | Last Thursday of the contract month in case of monthly & last Friday of contract maturity in case of weekly options. If it is a holiday, then the immediately preceding business day. Note: Business day is a day during which the underlying stock market is open for trading. | |||||||||
Note : It has been decided to change the expiry date of the monthly index futures and options contracts from the last Thursday of the month to the Thursday falling two weeks prior to the last Thursday of each contract month starting from the December 2009 contract.
Accordingly expiry dates for December 2009 and January 2010 contracts will be as under:
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Contract Specification for Stock Options contracts (Weekly & Monthly Options)
| Security Symbol | Click here for details | |||||||||
| Underlying | ||||||||||
| Contract Multiplier | ||||||||||
| Content Period | 1, 2, 3 months & 1, 2 weeks | |||||||||
| Exercise Style | American | |||||||||
| Settlement Style | Cash | |||||||||
| Tick Size | 0.05 i.e. 5 paisa | |||||||||
| Premium Quotation | Rupees per share | |||||||||
| Strike price Intervals | Shall have a minimum of 3 strikes (1 in-the-money, 1 near-the-money, 1 out-of-the-money). | |||||||||
| Trading Hours | 9.55 a.m to 3.30 p.m | |||||||||
| Last Trading/Expiration Day | Last Thursday of the contract month in case of monthly & last Friday of contract maturity in case of weekly options. If it is a holiday, then the immediately preceding business day during which the underlying stock market is open for trading. Note: Business day is a day during which the underlying stock market is open for trading. | |||||||||
| Final Settlement | The final settlement of the expiring option contracts would be based on the closing price of the underlying stock. The following algorithm is used for calculating closing value of the individual stocks in the cash segment of BSE including the stocks constituting Sensex: Weighted Average price of all the trades in the last thirty minutes of the continuous trading session. If there are no trades during the last thirty minutes, then the last traded price in the continuous trading session would be taken as the official closing price. | |||||||||
| Exercise Notice Time | It is a specified time (Exercise Session) everyday. All in-the-money options would be deemed to be exercised on the day of expiry unless the participant communicates otherwise in the manner specified by the Derivatives Segment. | |||||||||
| Note :It has been decided to change the expiry date of the monthly Stock futures and options contracts from the last Thursday of the month to the Thursday falling two weeks prior to the last Thursday of each contract month starting from the January 2009 contract. Accordingly expiry dates for January and February 2010 contracts will be as under:
For further details, please refer to the Exchange Notice no. 20091016 - 27 dated October 16, 2009 and Exchange Notice no. 20091116-5 dated November 16, 2009. | ||||||||||