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Notice No20120418-20Notice Date18 Apr 2012
SubjectTerms & Conditions of LEIPS III Programme applicable for special Live Trading Session on, Saturday April 28, 2012


In pursuance of notice no. 20120418-19 dated Wednesday, April 18, 2012 the Trading Members have been informed that LEIPS -III shall be extended on the special LIVE trading session in Futures & Options Segment on Saturday April, 28 2012.
On this background, following terms and conditions of LEIPS - III Programme shall be applicable for trading on Saturday, April 28, 2012.
LIVE trading session for Futures & Options segment shall be for a period of 90 minutes (i.e. from 11.15 a.m. to 12.45 p.m.). Total no of Time Periods and volume incentive cap for the Time Period shall be as follows –

Total No of Time Periods
Duration of Each Time Period
Time Period wise Cap for Options Trading (Notional volume) LEIPS- III
Applicable for April 28, 2012
1 minute
Rs. 13.6 Crore
Total Volume incentive cap
Rs. 1,224 Crore

The quote obligations required to be maintained by market maker under LEIPS - III programme shall be based on 90 minutes of trading time.
The Exchange shall compute and process LEIPS incentives for the eligible LEIPS members, as applicable, on Saturday April 28, 2012. However, considering the partial availability of clearing banks for fund transfers on a Saturday, 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- III programme, including Level 2 quote based incentives, shall remain unchanged.
For any further clarifications, members are advised to contacts their designated Relationship Managers.
For & On Behalf of BSE Ltd

Rajesh Saraf    
Sameer Vaze
GM – Trading Operations
DM – Trading Operations