This is in continuation to the Exchange Notice no. 20120315-19 dated March 15, 2012 regarding Introduction of Futures contracts on Foreign Stock Indices for Trading at BSE.
In this regard, trading members are requested to note additional details about the futures contracts on these foreign stock indices, as follows –
· Detailed Contract specifications and associated trading parameters of the futures contracts that will be available for trading from Friday, March 30, 2012 onwards are given in the Annexure 1 enclosed herewith.
· As per SEBI guidelines provided in SEBI circular CIR/DNPD/2/2011 dated January 11, 2011, the absolute numerical value of the underlying foreign stock index shall be denominated in Indian rupees (INR). Hence, derivatives contracts on these foreign stock indices shall also be denominated, traded & settled in Indian Rupees.
· There shall be no spread futures contracts on these foreign stock indices.
· Price Bands shall be same as that applicable for the existing Stock index futures contracts.
· Exchange transaction charges for trades done by trading members on these futures contracts shall be waived off for a period of 6 months from commencement, i.e. till September 30, 2012.
· As per SEBI guidelines provided in SEBI circular CIR/DNPD/2/2011 dated January 11, 2011, trading in the futures contracts on these foreign stock indices shall be restricted to residents in India.
· Other trading parameters shall remain the same as those specified in the consolidated master circular issued via Exchange notice no. 20111007 dated, October 7, 2011 for BSE F&O segment unless specified otherwise.
For any further clarifications, members are advised to contact their designated Relationship Managers.
For and on behalf of BSE Ltd.,
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Rajesh Saraf
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Tejash Somaiya
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General Manager
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Manager
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Trading Operations
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Trading Operations
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