NATIONAL STOCK EXCHANGE OF INDIA LIMITED Download Ref No : NSE/FA/33294
Date : September 28, 2016
Circular Ref. No : 16/2016 To all the Trading Members of the Currency Derivatives Segment Sub: Extension of Concession in transaction charges for far month contracts in Currency Derivatives Segment
The Exchange vide its Circular No. NSE/FA/32677 dated June 29, 2016, had introduced concession in transaction charges for far month contracts in Currency Derivatives Segment of the Exchange for a period of three months from July 1, 2016 to September 30, 2016. Based on the positive market feedback ; it has been decided to extend the same for a further period of three months from October 01, 2016 to December 31, 2016 as follows : Particulars Currency Futures Currency Options
Transaction charges Rs.9.00 per crore of turnover Rs.100.00 per crore of premium turnover
For your reference the details of the scheme has been reproduced as below : Far month contract is defined as 3rd month and beyond expiry contracts. On the expiry day of the near month contract, the third month contract will be excluded from the concession scheme. Following is the illustration: The expiry date of the near month September 2016 contract is September 28, 2016. On the expiry day of September 2016 contract, November 2016 contract will be excluded from the concession scheme and will trade with normal order of 1 contract. NSE MORE scheme will not be applicable for far month contracts during the above mentioned scheme period. For and on behalf of National Stock Exchange of India Limited
Yatrik Vin Chief Financial Officer
Telephone No 26598142
Fax No 26598394
Email id
[email protected] /
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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