In pursuance of Exchange notice number 20151030-16 dated October 30, 2015 regarding Muhurat Trading Session for Equity Derivative Segment on account of Diwali Laxmi Pujan, trading Members of the Exchange are hereby informed that LEIPS scheme on S&P BSE SENSEX Futures and Options shall be extended on account of the Muhurat Trading Session in Equity Derivatives Segment on Wednesday, November 11, 2015.
On this background, following terms and conditions shall be applicable for trading on Wednesday, November 11, 2015 for aforesaid LEIPS schemes.
1. LEIPS on S&P BSE SENSEX Futures –
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Applicable for November 11, 2015
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Total Time Period
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Volume CAP
(in Rs. Crs)
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No of sessions and Session Duration
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60 minutes
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20 Crs
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· No of sessions – 3
· Session Duration – 20 minutes each
· Session1 - 5:45 p.m. to 6.05 p.m.
· Session 2 -6:05 p.m. to 6:25 p.m.
· Session 3 -6:25 p.m. to 6:45 p.m.
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The quote obligations required to be maintained by market maker under LEIPS scheme on S&P BSE SENSEX Futures shall be computed considering trading time of 60 minutes.
2. LEIPS on S&P BSE SENSEX Options –
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Applicable for November 11, 2015
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Total No of Time Periods
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Duration of Each Time Period
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No of Sessions and Session Duration
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Time Period wise Cap for S&P BSE Sensex Options Trading in Rs Cr (Notional).
For All ITM, ATM, OTM1 & OTM 2 Strikes.
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Time Period wise Cap for S&P BSE Sensex Options Trading in Rs Cr (Notional).
For OTM3 & OTM 4 Strikes.
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No of Sessions
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60
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1 minute
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Session 1 – 15 minutes (5:45 p.m. to 6:00 p.m.)
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Rs.4.9768668 Crs
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Rs. 14.9358685 Crs
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3
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Session 2 - 30 minutes
(6:00 p.m. to 6:30 p.m.)
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Rs.3.516311
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Rs.10.5479298
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Session 3 – 15 minutes (6:30 p.m. to 6:45 p.m.)
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Rs.4.9768668 Crs
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Rs. 14.9358685 Crs
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Total Incentive Cap
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Rs.254.7953 Cr
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Rs.764.5139 Cr
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Rs.1019.309 Cr
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The quote obligations required to be maintained by market maker under LEIPS scheme on S&P BSE SENSEX Options shall be computed considering trading time of 60 minutes.
The Exchange shall compute and process LEIPS incentives for the eligible LEIPS members, as applicable, on Wednesday, November 11, 2015. However, considering the non-availability of clearing banks for fund transfers on Wednesday, November 11, 2015, 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 scheme on S&P BSE SENSEX Futures and Options shall remain unchanged.
For any further clarifications, members are advised to contacts their designated Relationship Managers.
For & On Behalf of BSE Ltd
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Ketan Jantre
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Sameer vaze
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GM –Trading Operations
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Manager –Trading Operations
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