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NOTICES
Notice No.   20151105-2   Notice Date   05 Nov 2015
Category   Trading   Segment   Derivatives
Subject   Terms & Conditions of LEIPS scheme on S&P BSE SENSEX Futures and Options applicable for Muhurat Trading Session for Derivatives Segment on Wednesday, November 11, 2015.
 
Content

In pursuance of Exchange notice number 20151030-16 dated October 30, 2015 regarding Muhurat Trading Session for Equity Derivative Segment on account of Diwali Laxmi Pujan, trading Members of the Exchange are hereby informed that LEIPS scheme on S&P BSE SENSEX Futures and Options shall be extended on account of the Muhurat Trading Session in Equity Derivatives Segment on Wednesday, November 11, 2015.

On this background, following terms and conditions shall be applicable for trading on Wednesday, November 11, 2015 for aforesaid LEIPS schemes.

 1. LEIPS on S&P BSE SENSEX Futures –

Applicable for November 11, 2015

Total Time Period

Volume CAP

(in Rs. Crs)

No of sessions and Session Duration

60 minutes

20 Crs

·      No of sessions – 3

·      Session Duration – 20 minutes each

·      Session1 - 5:45 p.m. to 6.05 p.m.

·      Session 2 -6:05 p.m. to 6:25 p.m.

·      Session 3 -6:25 p.m. to 6:45 p.m.

The quote obligations required to be maintained by market maker under LEIPS scheme on S&P BSE SENSEX Futures shall be computed considering trading time of 60 minutes.  

2. LEIPS on S&P BSE SENSEX Options –

Applicable for November 11, 2015

Total No of Time Periods

Duration of Each Time Period

 

No of Sessions and Session Duration

Time Period wise Cap for S&P BSE Sensex Options Trading in Rs Cr (Notional).

 

 

For All ITM, ATM, OTM1 & OTM 2 Strikes.

Time Period wise Cap for S&P BSE Sensex Options Trading in Rs Cr (Notional).  

 

 

For OTM3 & OTM 4 Strikes.

No of Sessions

60

1 minute

Session 1 – 15 minutes (5:45 p.m. to 6:00 p.m.)

 

Rs.4.9768668 Crs

Rs. 14.9358685 Crs

3

 

 

 

 

Session 2 - 30 minutes

(6:00 p.m. to 6:30 p.m.)

Rs.3.516311

Rs.10.5479298

Session 3 – 15 minutes (6:30 p.m. to 6:45 p.m.)

Rs.4.9768668 Crs

Rs. 14.9358685 Crs

Total Incentive Cap

Rs.254.7953 Cr

Rs.764.5139 Cr

Rs.1019.309 Cr

The quote obligations required to be maintained by market maker under LEIPS scheme on S&P BSE SENSEX Options shall be computed considering trading time of 60 minutes. 

The Exchange shall compute and process LEIPS incentives for the eligible LEIPS members, as applicable, on Wednesday, November 11, 2015. However, considering the non-availability of clearing banks for fund transfers on Wednesday, November 11, 2015, 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 scheme on S&P BSE SENSEX Futures and Options shall remain unchanged.

 

For any further clarifications, members are advised to contacts their designated Relationship Managers.

 

 

For & On Behalf of BSE Ltd

 

Ketan Jantre

Sameer vaze

GM –Trading Operations

Manager –Trading Operations