NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/28360

Date : December 16, 2014

Circular Ref. No : 093/2014 All Members, Clarification on long term options contracts This is with reference to circular NSE/FAOP/27733 dated September 30, 2014 on revision in the market lot of derivatives contracts on Indices. As per the said circular, Exchange had revised lot size for Nifty Futures and Options contracts from 50 to 25 w.e.f. October 31, 2014 except for Nifty Options contracts having expiry greater than 3 months (long term). In line with the above circular, Exchange hereby clarifies that the lot size of an existing Nifty (long term) expiry options contract shall be revised from 50 to 25 once it becomes a Far month expiry contract. This way, the lot size for Near, Mid and Far month Nifty futures and options contracts shall continue as 25 and the lot size of Nifty (long term) Options contracts shall continue as 50. After expiry of December 2014 contracts (i.e. w.e.f. December 26, 2014), the long term expiry of March 2015 shall become Far month contract. Hence, lot size of all Nifty option contracts expiring on March 26, 2015 shall be revised from 50 to 25 w.e.f. December 26, 2014. Members are advised to load the updated contract.gz file in the trading application before trading on December 26, 2014. This file can be obtained from the directory faoftp/faocommon on the Extranet server.

For and on behalf of National Stock Exchange of India Limited

Janardhan Gujaran Chief Manager

Toll Free No 1800-22-00-53

Fax No +91-22-26598449

Email id [email protected]

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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