This is with reference to the Exchange Notice No 20140128-19 dated January 28, 2014 regarding Introduction of Liquidity Enhancement Incentive Programme (LEIPS) – XVI for BSE Derivative segment. Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS-XVI Programme effective from March 19,2014 as follows –
1. Change in trading volume caps for trading volume based cash incentive -Daily Volume caps are divided in to four groups A,B C and D. Daily caps A,B & C are of five working days each and daily cap D is for the days remaining to expiry date of the current month including day of expiry after daily cap (C) is over. Refer to Annexure 2 in the programme brochure for further details.
For the month of March 2014 – From March 19 to March 21,2014 the incentive volume cap (C) will be applicable and for remaining trading days till expiry day, March 27,2014 incentive volume cap (D) will be applicable.
2. Change in open interest based cash incentive
Details of the amendments are provided in programme brochure attached with the notice.
All other terms and conditions of LEIPS- XVI Programme shall 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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Ketan Jantre
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Sr. GM-Trading Operations
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GM-Trading Operations
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