Trading members are requested to refer to the notice no 20121106-36 dated November 06, 2012 regarding Revision in incentive program to increase retail participation in BSE Derivatives Segment
Eligibility criteria of aforesaid notice no 20121106-36 are further clarified as follows
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 index 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
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Devika Shah
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Sameer Vaze
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Sr.GM-Trading Operations
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DM-Trading Operations
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