In pursuance of notice no. 20120824-23 dated Friday, August 24, 2012 the Trading Members are hereby informed that LEIPS-IV, LEIPS-V and LEIPS-VI shall be extended on the special LIVE trading session in Derivative Segment on Saturday September 8, 2012.
On this background, following terms and conditions of LEIPS-IV, LEIPS-V and LEIPS-VI Programme shall be applicable for trading on Saturday, September 8, 2012.
LIVE trading session for Derivative 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 –
LEIPS-IV
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Total No of Time Periods
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Duration of Each Time Period
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Time Period wise Cap for SENSEX Futures Trading in Rs Cr
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Applicable for September 8, 2012
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90
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1 minute
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1st 10 minutes and Last 10 minutes
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1.5
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Remaining 70 minutes
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0.5
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Total Volume incentive cap
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65
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LEIPS-V
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Total No of Time Periods per underlying
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Duration of Each Time Period per underlying
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Time Period wise Cap for Stock Futures Trading per underlying in Rs Cr
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Applicable for September 8, 2012
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90
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1 minute
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1st 10 minutes and Last 10 minutes
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0.09
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Remaining 70 minutes
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0.03
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Total Volume incentive cap
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3.90
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LEIPS-VI
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|
Total No of Time Periods
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Duration of Each Time Period
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Time Period wise Cap for BSE-100 Futures Trading in Rs Crs
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Time Period wise Cap for BSE-100 Options Trading in Rs Cr (Notional)
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Applicable for September 8, 2012
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90
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1 minute
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1st 10 minutes and Last 10 minutes
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1.5
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10
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Remaining 70 minutes
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0.50
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7.5
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Total Volume incentive cap
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65
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725
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The quote obligations required to be maintained by market maker under LEIPS-IV, LEIPS-V and LEIPS-VI 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 September 8, 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-IV, LEIPS-V and LEIPS-VI programme, 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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Rajesh Saraf
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Sameer Vaze
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GM – Trading Operations
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DM – Trading Operations
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