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NOTICES
Notice No.   20121109-23   Notice Date   09 Nov 2012
Category   Trading   Segment   Derivatives
Subject   Terms & Conditions of LEIPS V, VI and VII Programme applicable for Muhurat Trading Session for Samavat Year 2069 for Derivatives Segment on Tuesday, November 13, 2012.
 
Content

 

In pursuance of notice no. 20121106-33 dated November 06, 2012 the Trading Members are hereby informed that LEIPS-V,LEIPS-VI and LEIPS-VII shall be extended on account of the Muhurat Trading Session for Samavat Year 2069 for Derivatives Segment on Tuesday, November 13, 2012.
 
On this background, following terms and conditions of LEIPS-V, LEIPS-VI and LEIPS-VII Programme shall be applicable for trading on Tuesday, November 13, 2012.
 
 
LIVE trading session for Derivative segment shall be for a period of 75 minutes (i.e. from 3.45 p.m. to 5.00 p.m.). Total no of Time Periods and volume incentive cap for the Time Period shall be as follows –
 
 LEIPS-V

 
Total No of Time Periods per underlying
Duration of Each Time Period per underlying
 
Time Period wise Cap for Stock Futures Trading per underlying in Rs Cr
Applicable for November 13,2012
75
1 minute
1st 10 minutes and Last 10 minutes
0.09
Remaining 55 minutes
0.03
Total Volume incentive cap per underlying
3.45

 
 
LEIPS-VI

 
Total No of Time Periods
Duration of Each Time Period
 
Time Period wise Cap for BSE-100 Futures Trading in Rs Crs
Time Period wise Cap for BSE-100 Options Trading in Rs Cr (Notional)
 
For All ITM,ATM & OTM 1 Strikes
For OTM2, OTM3 & OTM 4 Strikes
Applicable for November 13, 2012
75
1 minute
1st 10 minutes and Last 10 minutes
1.5
2.5
 7.5
Remaining 55 minutes
0.5
1.875
 5.625
Total Volume incentive cap
57.5
153.125
459.375

 
LEIPS-VII

 
Total No of Time Periods
Duration of Each Time Period
 
Time Period wise Cap for SENSEX Options Trading in Rs Cr (Notional)
 
For All ITM,ATM & OTM 1 Strikes
For OTM2 , OTM3 & OTM 4 Strikes
Applicable for November 13, 2012
75
1 minute
1st 10 minutes and Last 10 minutes
2.5
 7.5
Remaining 55 minutes
1.875
 5.625
Total Volume incentive cap
153.125
459.375

 
 
The quote obligations required to be maintained by market maker under LEIPS-V, LEIPS-VI and LEIPS-VII programme shall be computed considering trading time of 75 minutes.
The Exchange shall compute and process LEIPS incentives for the eligible LEIPS members, as applicable, on Tuesday, November 13, 2012. However, considering the non availability of clearing banks for fund transfers on Tuesday, November 13, 2012 and Wednesday, November 14, 2012, the incentive payouts may not be credited in designated accounts of the eligible LEIPS registered members on the same day. Members are requested to get in touch with their respective clearing banks to check this.
Other terms and conditions of LEIPS-V, LEIPS-VI and LEIPS-VII programme, shall remain unchanged.
For any further clarifications, members are advised to contacts their designated Relationship Managers.
 
 
For & On Behalf of BSE Ltd
 

Rajesh Saraf
Sameer Vaze
GM-Trading Operations
DM-Trading Operations