This is in partial modification to the Exchange notice nos. 20160113-1 dated January 13, 2016 & 20160223-14 dated February 23, 2016 regarding introduction of Price Reasonability Check (PRC) for Currency Derivatives Segment on currency option products with their applicable Price Reasonability Ranges (PRR) & subsequent revision in Price Reasonability Check for Currency Option Contracts respectively.
Based on the feedback received from the market participants, it has been decided to further revise applicable PRR for Currency Option products i.e. option contracts on the currency pairs as under:
A. Price Reasonability Range (PRR) applicable in case of currency options shall be in absolute value and based on the order price slabs in which the PRR belongs. Following shall be the PRR slabs:-
|
Instrument
|
Symbol
|
Order Price Range From (Rs.)
|
Order Price Range To (Rs.)
|
PRR Range in (Rs.)
|
|
Currency Options
|
|
0.0025
|
0.2500
|
0.0750
|
| |
0.2525
|
0.5000
|
0.1250
|
|
USDINR
|
0.5025
|
1.0000
|
0.2000
|
|
EURINR
|
1.0025
|
2.0000
|
0.2500
|
|
GBPINR
|
2.0025
|
3.0000
|
0.3000
|
|
JPYINR
|
3.0025
|
4.0000
|
0.4000
|
| |
4.0025
|
5.0000
|
0.5000
|
|
|
greater than or equal to 5.0025
|
0.7500
|
B. The Exchange may revise the applicable Price Reasonability Range depending on prevalent market conditions
The above-mentioned changes shall be made live with effect from Monday, April 01, 2019.
In case of any queries or clarifications on the above-mentioned modifications, trading members may kindly contact their respective Relationship Manager.
For & on behalf of BSE Ltd.
Usha Sharma Umesh Hanjankar
Addl. General Manager Asst. General Manager
Surveillance Surveillance
Date: March 29, 2019
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