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Notices
Notice No20120113-19Notice Date13 Jan 2012
CategoryTradingSegmentDerivatives
SubjectRevisions in Terms & Conditions of LEIPS-II Programme on account of Change in Expiry Cycle of Index & Stock-based Futures & Options Contracts in BSE F&O Segment.
Content

 

Trading Members of the Exchange are requested to refer to Exchange notice no 13 dated January 05, 2012 regarding Change in Expiry Cycle of Index & Stock-based Futures & Options Contracts in BSE F&O Segment. Effective 13th January 2012, for SENSEX Futures and Options contracts, additional monthly contracts with end of the month expiry shall be made available for the months of February and March in the market along with already existing mid month expiry contracts.
 
In view of the above, there shall be following changes in LEIPS-II programme –
 
Volume based Incentive Payout:
 
GMP Payout – For the months of February & March 2012, additional monthly contracts (expiring end of month) shall also be eligible for GMP payout. Existing mid-month contracts for these months shall continue to be eligible for GMP payout.
 
MM Payout – For the months of February & March 2012, additional monthly contracts (expiring end of month) shall also be eligible for additional MM payout on traded volume in current month contracts, upon successful fulfillment of quote obligation. Existing mid-month contracts for these months shall continue to be eligible for additional MM payout on traded volume in current month contracts, upon successful fulfillment of quote obligation.
 
Open Interest (OI)-based Incentive Payout:
 
For the months of February & March 2012, additional monthly contracts (expiring end of month) shall also be eligible for OI-based incentive payout. Existing mid-month contracts for these months shall continue to be eligible for OI-based incentive payout.
 
LEIPS Reports:
 
All LEIPS reports shall include the End of the month contracts.
 
Other terms and conditions of LEIPS II scheme shall remain unchanged.
For any further clarifications, members are advised to contacts their designated Relationship Managers.
 
For and on behalf of
BSE Limited.
 

Rajesh Saraf
Sameer Vaze
General Manager – Trading Operations
Deputy Manager – Trading Operations