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NOTICES
Notice No.   20140828-37   Notice Date   28 Aug 2014
Category   Trading   Segment   Derivatives
Subject   Change in effective dates for revision in incentive programme to increase retail participation in BSE Equity Derivatives Segment.
 
Content

 

Trading members are requested to refer to the Exchange notice number 20140822-39 dated August 22,2014 regarding Revision in Incentive programme to increase retail participation in BSE Equity Derivatives Segment.
In partial modification of aforesaid circular, trading members are hereby informed that dates for introduction of retail incentive scheme on open interest and Amendment in trading based Retail incentive scheme shall be revised from September 08, 2014 to new dates as follows
A) Introducing retail incentive scheme on open interest – Exchange shall introduce incentive scheme on open interest at UCC level with effect from September 26, 2014.

Details
Incentive
Limit per UCC
Incentive Pool
Daily incentive
 
Rs.10 per lot
10 lots per day per UCC
Rs.100,000 pool per day
Eligibility
Applicable only for the incentive eligible contracts as per LEIPS schemes in force.
S&P BSE SENSEX Futures & Options – Incentive eligible Current & Near month contracts (For Options only sell side shall be considered) ,
Stock Futures – Current month contracts only except for E-1 & E Day wherein both Current & Near month contracts shall be allowed.

 
This is in addition to existing retail incentive scheme on trading. The incentive shall be computed and paid on daily basis. 
 
B) Amendment in trading based Retail incentive scheme – Retail incentive payout slab shall be revised as under with effect from October 01, 2014.

Qualified UCC during a calendar month
Incentive Amount to be paid to the member per calendar month in Rs.
1-100
Rs.200 Per UCC
101 -200
20,000
201 –500
50,000
501 -1000
75,000
1001 – 2000
1,25,000
2001 –3500
2,50,000
3501 – 5000
3,50,000
5001-7500
5,00,000
7501 and above
7,50,000

The incentives mentioned above shall be paid from pool of Rs.20 lakhs and if total UCC incentive amount crosses the pool of Rs.20 lakhs then incentives shall be paid on pro-rata basis.
Other terms and conditions of existing program shall remain same.
Trading members are requested to take the note of the same.
For any further clarifications, members are requested to contact their designated Relationship Managers.
For & On Behalf of BSE Ltd,

Rajesh Saraf
Ketan Jantre
Sr.GM-Trading Operations
GM-Trading Operations