NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/33275
Date : September 27, 2016
Circular Ref. No : 80/2016
All Members, Adjustment of Futures and Options contracts in the security RECLTD In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action, the members are informed of the following: Rural Electrification Corporation Limited has informed the Exchange that the Company has fixed Record Date as September 29, 2016 to ascertain the Members entitled to receive Bonus Equity Shares of the Company. Symbol Bonus issue ratio Ex-Date
: RECLTD : 1:1 : September 28, 2016
Adjustment factor: Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the case of RECLTD, the adjustment factor is (1+1)/1 = 2, since the bonus issue ratio is 1:1. Adjustments for Options Contracts: 1. Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 6000. Adjustments for Futures Contracts: 1. Futures price: The adjusted futures price shall be arrived at by dividing the old futures price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 6000.
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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The methodology for position adjustments shall be separately intimated by NSCCL. The above changes shall be effective from September 28, 2016. Members are advised to load the updated contract.gz file in the trading application before trading on September 28, 2016. This file can be obtained from the directory faoftp/faocommon on the Extranet server. The revised Quantity Freeze limit for contracts of RECLTD will be 420000. The details of the revised option strike prices available and revised strike scheme (step value and number of strikes), applicable for trading in the security RECLTD are given in Annexure-1 and Annexure-2 respectively.
For and on behalf of National Stock Exchange of India Limited
Abhijeet Sontakke Senior Manager
Toll Free No 1800-266-00-53
Fax No +91-22-26598155
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure-1 Sr. No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
INSTRUMENT SYMBOL EXPIRY_DATE OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 29-SEP-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016 OPTSTK RECLTD 27-OCT-2016
Old Strike Price 110.00 115.00 120.00 125.00 130.00 135.00 140.00 145.00 150.00 155.00 160.00 165.00 170.00 175.00 180.00 185.00 190.00 195.00 200.00 205.00 210.00 215.00 220.00 225.00 230.00 235.00 240.00 245.00 250.00 255.00 260.00 265.00 270.00 275.00 280.00 285.00 140.00 145.00 150.00 155.00 160.00 165.00 170.00 175.00
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Revised Strike Price 55.00 57.50 60.00 62.50 65.00 67.50 70.00 72.50 75.00 77.50 80.00 82.50 85.00 87.50 90.00 92.50 95.00 97.50 100.00 102.50 105.00 107.50 110.00 112.50 115.00 117.50 120.00 122.50 125.00 127.50 130.00 132.50 135.00 137.50 140.00 142.50 70.00 72.50 75.00 77.50 80.00 82.50 85.00 87.50 Page 3 of 5
45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92
OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK
RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD RECLTD
27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 27-OCT-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016 24-NOV-2016
180.00 185.00 190.00 195.00 200.00 205.00 210.00 215.00 220.00 225.00 230.00 235.00 240.00 245.00 250.00 255.00 260.00 265.00 270.00 275.00 280.00 285.00 160.00 165.00 170.00 175.00 180.00 185.00 190.00 195.00 200.00 205.00 210.00 215.00 220.00 225.00 230.00 235.00 240.00 245.00 250.00 255.00 260.00 265.00 270.00 275.00 280.00 285.00
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
90.00 92.50 95.00 97.50 100.00 102.50 105.00 107.50 110.00 112.50 115.00 117.50 120.00 122.50 125.00 127.50 130.00 132.50 135.00 137.50 140.00 142.50 80.00 82.50 85.00 87.50 90.00 92.50 95.00 97.50 100.00 102.50 105.00 107.50 110.00 112.50 115.00 117.50 120.00 122.50 125.00 127.50 130.00 132.50 135.00 137.50 140.00 142.50 Page 4 of 5
Annexure-2 Symbol
Applicable Step value
No. of Strikes Provided In the money - At the money - Out of the money
No of additional strikes which may be enabled intraday
RECLTD
2.5
7-1-7
7
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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