This is with reference to the Exchange Notice No. 20130411-18 dated April 11, 2013 regarding Amendments in LEIPS IX programme. Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS-IX Programme effective from June 03, 2013 as follows –
· Reduction in volume cap from Rs. 100 crores to Rs. 50 crores.
· Reduction of incentive paid to MMs and GMPs
· Payout per trade shall be capped at Maximum 20 Lots
· Removal of trades done in spread contracts, in near & far month contracts (Except trades done in near month contracts from Expiry-5 till Expiry day) from eligible trades for calculation of incentive.
Please refer to the attached brochure for detailed information on revisions in LEIPS-IX Programme as mentioned above.
All other terms and conditions of LEIPS- IX 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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Sameer Vaze
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Sr. GM-Trading Operations
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Manager-Trading Operations
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