In pursuance of notice no. 20131018-32 dated October 18, 2013 regarding Muhurat Trading Session for Derivative Segment on account of Diwali Laxmi Pujan. The Trading Members are hereby informed that LEIPS XII, LEIPS XIII, LEIPS XIV and Dealer Incentive Scheme shall be extended on account of the MuhuratTrading Session for Derivatives Segment on Sunday, November 03, 2013.
On this background, following terms and conditions of LEIPS XII, LEIPS XIII, LEIPS XIV and Dealer Incentive Scheme Programme shall be applicable for trading on Sunday, November 3, 2013.
LIVE trading session for Derivative segment shall be for a period of 75 minutes (i.e. from 6.15 p.m. to 7.30 p.m.). Total no of Time Periods and volume incentive cap for the Time Period shall be as follows –
Dealer Incentive Scheme -
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Eligibility
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Details of the Scheme
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Minimum Turnover Commitment
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Rs.2 Lacs turnover on Muhurat trading day.
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Rs.5 Lacs turnover on Muhurat trading day.
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Incentive
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Rs.100/- per day
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Rs.250/- per day
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LEIPS XII – Futures on 30 Stocks
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Total Time Period
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Volume CAP in Rs.Crs
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No of sessions.
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Applicable for November 03, 2013
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75
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30
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6 sessions. First session of 6.15 p.m. to 6.30 p.m. and then five consecutive sessions of 12 minute each.
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Session 1
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6.15 p.m.to 6.30 p.m.
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Session 2
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6.30 p.m.to 6.42 p.m.
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Session 3
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6.42 p.m.to 6.54 p.m.
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Session 4
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6.54 p.m.to 7.06 p.m.
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Session 5
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7.06 p.m.to 7.18 p.m.
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Session 6
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7.18 p.m. to 7.30 p.m.
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LEIPS XIII – S&P BSE SENSEX Options
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Total No of Time Periods
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Duration of Each Time Period
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Time Period wise Cap for S&P BSE Sensex Options Trading in Rs Cr (Notional).
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For All ITM,ATM,OTM1 & OTM 2 Strikes
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For OTM3 & OTM 4 Strikes.
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Applicable for November 03, 2013
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75
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1 minute
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1st 10 minutes and Last 10 minutes
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2.2125
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6.6375
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Remaining 55 minutes
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1.5632
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4.6875
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Total Volume incentive cap
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130.226
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390.5625
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LEIPS XIV – S&P BSE SENSEX Futures
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Total Time Period
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Volume CAP in Rs.Crs
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No of sessions.
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Applicable for November 03, 2013
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75
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50
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3
Session1 – 6.15 p.m. to 6.30 p.m.
Session 2 – 6.30 p.m. to 7.15 p.m.
Session 3 – 7.15 p.m. to 7.30 p.m.
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The quote obligations required to be maintained by market maker under LEIPS XII, LEIPS XIII and LEIPS XIV 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 Sunday, November 03, 2013. However, considering the non availability of clearing banks for fund transfers on Sunday, November 03, 2013 and Monday, November 04, 2013, 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 XII, LEIPS XIII, LEIPS XIV and Dealer incentive scheme programme shall remain unchanged.
For any further clarifications, members are advised to contacts their designated Relationship Managers.
For & On Behalf of BSE Ltd
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Devika Shah
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Sameer Vaze
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Sr.GM-Trading Operations
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Manager-Trading Operations
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