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NOTICES
Notice No.   20130114-16   Notice Date   14 Jan 2013
Category   Trading   Segment   Derivatives
Subject   Revision in Incentive program to increase retail participation in BSE Derivatives Segment
 
Content

 

Trading members are requested to refer to the notice no 20130104-2 dated January 04, 2013 regarding Incentive program to increase retail participation in BSE Derivatives Segment. 
Eligibility criteria of aforesaid notice no 20130104-2 are further revised as follows with effect from February 01, 2013
a) There should at least be two trades in any of the BSE derivative products under active LEIPS programme for a UCC to qualify as one count. Out of the 2 trades one trade must be in current month future contract of underlying on which LEIPS scheme is in force and second trade can be in any of the BSE Derivative products on ongoing LEIPS eligible underlying.
b) If the second trade by the client is in options contracts then the trade has to be executed only on current month OTM1, ATM and any ITM strikes of options contract of index underlying on which LEIPS scheme is in force
c) For accounting purposes, one calendar month shall be considered as the eligibility period.
d) If there are more than one set of trades done by a specific client on any of the Exchange derivative products as mentioned in point a) and b) above during a calendar month, it shall be considered as one count only.
All other terms and conditions of the programme remain unchanged
For any further clarifications, members are advised to contact their designated Relationship Managers
 

Devika Shah
Sameer Vaze
Sr.GM-Trading Operations
DM-Trading Operations