Trading Members are requested to refer to notice number 20130716-21 dated July 16, 2013 regarding Revision in Incentive programme to increase retail participation in BSE Equity Derivatives Segment.
Following changes shall be made with effect from September 08, 2014 in Retails incentive scheme
A) Introducing retail incentive scheme on open interest – Exchange shall introduce incentive scheme on open interest at UCC level.
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Details
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Incentive
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Limit per UCC
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Incentive Pool
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Daily incentive
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Rs.10 per lot
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10 lots per day per UCC
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Rs.100,000 pool per day
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Eligibility
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Applicable only for the incentive eligible contracts as per LEIPS schemes in force.
S&P BSE SENSEX Futures & Options – Incentive eligible Current & Near month contracts (For Options only sell side shall be considered) ,
Stock Futures – Current month contracts only except for E-1 & E Day wherein both Current & Near month contracts shall be allowed.
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This is in addition to existing retail incentive scheme on trading. The incentive shall be computed and paid on daily basis.
B) Amendment in trading based Retail incentive scheme – Retail incentive payout slab shall be revised as under with effect from September 08, 2014.
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Qualified UCC during a calendar month
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Incentive Amount to be paid to the member per calendar month in Rs.
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1-100
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Rs.200 Per UCC
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101 -200
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20,000
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201 –500
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50,000
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501 -1000
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75,000
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1001 – 2000
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1,25,000
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2001 –3500
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2,50,000
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3501 – 5000
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3,50,000
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5001-7500
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5,00,000
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7501 and above
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7,50,000
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The incentives mentioned above shall be paid from pool of Rs.20 lakhs and if total UCC incentive amount crosses the pool of Rs.20 lakhs then incentives shall be paid on pro-rata basis.
Other terms and conditions of existing program shall remain same.
For any further clarifications, members are requested to contact their designated Relationship Managers.
For & On Behalf of BSE Ltd,
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Rajesh Saraf
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Ketan Jantre
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Sr.GM – Trading Operations.
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GM –Trading Operations.
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