NATIONAL SECURITIES CLEARING CORPORATION LIMITED

FUTURES & OPTIONS SEGMENT

Circular No: NSCC/F&O/C&S/899 October 15, 2008

Download No: NSE/CMPT/11498

Sub: Revised Exposure Margin

This is with reference to SEBI circular no. SEBI/DNPD/Cir-41/2008 dated October 15, 2008 regarding Revised Exposure Margin for Exchange Traded Equity Derivatives and in partial modification of circular no. NSCC/F&O/C&S/886 (Download Ref. No. NSE/CMPT/11380) dated September 29, 2008.

Members are informed that as per the above SEBI circular the exposure margin shall be higher of 10% or 1.5 times the standard deviation (of daily logarithmic returns of the stock price) of the notional value of the gross open position in single stock futures and gross short open position in stock options in a particular underlying.

The revised applicable exposure margin in respect of 266 securities for the month of October 2008 is enclosed in the Annexure.

The above revisions shall be effective for positions open on and from October 21, 2008 (Begin of Day).

For any further clarifications members may contact the following officials of the Clearing Corporation:

Mr.Atique Khatri & Mr. Purab Sata

Phone Nos. 26598214 / 26598264

Fax: 26598242

For National Securities Clearing Corporation Ltd.

Aparna Bhat

Manager

Annexure I

Sr.No	Symbol	Applicable Exposure Margin %
1	3IINFOTECH	10.00
2	ABAN	10.00
3	ABB	10.00
4	ABGSHIP	10.00
5	ABIRLANUVO	10.00
6	ACC	10.00
7	ADLABSFILM	10.00
8	AIAENG	10.00
9	AKRUTI	10.00
10	ALBK	10.00
11	ALOKTEXT	10.00
12	AMBUJACEM	10.00
13	AMTEKAUTO	10.00
14	ANDHRABANK	10.00
15	ANSALINFRA	10.00
16	APIL	10.00
17	APTECHT	10.00
18	ARVIND	10.00
19	ASHOKLEY	10.00
20	ASIANPAINT	10.00
21	AUROPHARMA	10.00
22	AXISBANK	10.00
23	BAJAJ-AUTO	10.00
24	BAJAJHIND	10.00
25	BAJAJHLDNG	10.00
26	BALAJITELE	10.00
27	BALLARPUR	10.00
28	BALRAMCHIN	10.00
29	BANKBARODA	10.00
30	BANKINDIA	10.00
31	BATAINDIA	10.00
32	BEL	10.00
33	BEML	10.00
34	BHARATFORG	10.00
35	BHARTIARTL	10.00
36	BHEL	10.00
37	BHUSANSTL	10.00
38	BINDALAGRO	10.00
39	BIOCON	10.00
40	BIRLACORPN	10.00
41	BOMDYEING	10.00
42	BONGAIREFN	10.00
43	BOSCHLTD	10.00
44	BPCL	10.00
45	BRFL	10.00
46	BRIGADE	10.00
47	CAIRN	10.00
48	CANBK	10.00
49	CENTRALBK	10.00
50	CENTURYTEX	10.00
51	CESC	10.00
52	CHAMBLFERT	10.00
53	CHENNPETRO	10.00
54	CIPLA	10.00
55	CMC	10.00
56	COLPAL	10.00
57	CONCOR	10.00
58	COREPROTEC	10.00
59	CORPBANK	10.00
60	CROMPGREAV	10.00
61	CUMMINSIND	10.00
62	DABUR	10.00
63	DCB	10.00
64	DCHL	10.00
65	DENABANK	10.00
66	DISHTV	10.00
67	DIVISLAB	10.00
68	DLF	10.00
69	DRREDDY	10.00
70	EDELWEISS	10.00
71	EDUCOMP	10.00
72	EKC	10.00
73	ESCORTS	10.00
74	ESSAROIL	10.00
75	EVERONN	10.00
76	FEDERALBNK	10.00
77	FINANTECH	10.00
78	FSL	10.00
79	GAIL	10.00
80	GDL	10.00
81	GESHIP	10.00
82	GITANJALI	10.00
83	GLAXO	10.00
84	GMRINFRA	10.00
85	GNFC	10.00
86	GRASIM	10.00
87	GSPL	10.00
88	GTL	10.00
89	GTLINFRA	10.00
90	GTOFFSHORE	10.00
91	GUJALKALI	10.00
92	GVKPIL	10.00
93	HAVELLS	10.00
94	HCC	10.00
95	HCL-INSYS	10.00
96	HCLTECH	10.00
97	HDFC	10.00
98	HDFCBANK	10.00
99	HDIL	10.00
100	HEROHONDA	10.00
101	HINDALCO	10.00
102	HINDOILEXP	10.00
103	HINDPETRO	10.00
104	HINDUJAVEN	10.00
105	HINDUNILVR	10.00
106	HINDZINC	10.00
107	HOTELEELA	10.00
108	IBN18	10.00
109	IBREALEST	10.00
110	ICICIBANK	10.00
111	ICSA	10.00
112	IDBI	10.00
113	IDEA	10.00
114	IDFC	10.00
115	IFCI	10.00
116	INDHOTEL	10.00
117	INDIACEM	10.00
118	INDIAINFO	10.00
119	INDIANB	10.00
120	INDUSINDBK	10.00
121	INFOSYSTCH	10.00
122	IOB	10.00
123	IOC	10.00
124	IRB	10.00
125	ISPATIND	10.00
126	ITC	10.00
127	IVRCLINFRA	10.00
128	IVRPRIME	10.00
129	J&KBANK	10.00
130	JETAIRWAYS	10.00
131	JINDALSAW	10.00
132	JINDALSTEL	10.00
133	JPASSOCIAT	10.00
134	JPHYDRO	10.00
135	JSTAINLESS	10.00
136	JSWSTEEL	10.00
137	KESORAMIND	10.00
138	KFA	10.00
139	KLGSYSTEL	10.00
140	KOTAKBANK	10.00
141	KPIT	10.00
142	KSK	10.00
143	KSOILS	10.00
144	KTKBANK	10.00
145	LAXMIMACH	10.00
146	LICHSGFIN	10.00
147	LITL	10.00
148	LT	10.00
149	LUPIN	10.00
150	M&M	10.00
151	MAHLIFE	10.00
152	MAHSEAMLES	10.00
153	MARUTI	10.00
154	MATRIXLABS	10.00
155	MCDOWELL-N	10.00
156	MIC	10.00
157	MINDTREE	10.00
158	MLL	10.00
159	MONNETISPA	10.00
160	MOSERBAER	10.00
161	MPHASIS	10.00
162	MRF	10.00
163	MRPL	10.00
164	MTNL	10.00
165	NAGARCONST	10.00
166	NAGARFERT	10.00
167	NATIONALUM	10.00
168	NAUKRI	10.00
169	NBVENTURES	10.00
170	NDTV	10.00
171	NETWORK18	10.00
172	NEYVELILIG	10.00
173	NIITLTD	10.00
174	NIITTECH	10.00
175	NOIDATOLL	10.00
176	NTPC	10.00
177	NUCLEUS	10.00
178	OFSS	10.00
179	OMAXE	10.00
180	ONGC	10.00
181	OPTOCIRCUI	10.00
182	ORBITCORP	10.00
183	ORCHIDCHEM	10.00
184	ORIENTBANK	10.00
185	PANTALOONR	10.00
186	PARSVNATH	10.00
187	PATELENG	10.00
188	PATNI	10.00
189	PENINLAND	10.00
190	PETRONET	10.00
191	PFC	10.00
192	PIRHEALTH	10.00
193	PNB	10.00
194	POLARIS	10.00
195	POWERGRID	10.00
196	PRAJIND	10.00
197	PRISMCEM	10.00
198	PTC	10.00
199	PUNJLLOYD	10.00
200	PURVA	10.00
201	RAJESHEXPO	10.00
202	RANBAXY	10.00
203	RCOM	10.00
204	RECLTD	10.00
205	REDINGTON	10.00
206	RELCAPITAL	10.00
207	RELIANCE	10.00
208	RELINFRA	10.00
209	RENUKA	10.00
210	RIIL	10.00
211	RNRL	10.00
212	ROLTA	10.00
213	RPL	10.00
214	RPOWER	10.00
215	SAIL	10.00
216	SATYAMCOMP	10.00
217	SBIN	10.00
218	SCI	10.00
219	SESAGOA	10.00
220	SHREECEM	10.00
221	SIEMENS	10.00
222	SINTEX	10.00
223	SKUMARSYNF	10.00
224	SOBHA	10.00
225	SREINTFIN	10.00
226	SRF	10.00
227	STAR	10.00
228	STER	10.00
229	STERLINBIO	10.00
230	STRTECH	10.00
231	SUNPHARMA	10.00
232	SUNTV	10.00
233	SUZLON	10.00
234	SYNDIBANK	10.00
235	TATACHEM	10.00
236	TATACOMM	10.00
237	TATAMOTORS	10.00
238	TATAPOWER	10.00
239	TATASTEEL	10.00
240	TATATEA	10.00
241	TCS	10.00
242	TECHM	10.00
243	THERMAX	10.00
244	TITAN	10.00
245	TORNTPOWER	10.00
246	TRIVENI	10.00
247	TTML	10.00
248	TULIP	10.00
249	TV-18	10.00
250	TVSMOTOR	10.00
251	UCOBANK	10.00
252	ULTRACEMCO	10.00
253	UNIONBANK	10.00
254	UNIPHOS	10.00
255	UNITECH	10.00
256	UTVSOF	10.00
257	VIJAYABANK	10.00
258	VOLTAMP	10.00
259	VOLTAS	10.00
260	WALCHANNAG	10.00
261	WELGUJ	10.00
262	WIPRO	10.00
263	WOCKPHARMA	10.00
264	WWIL	10.00
265	YESBANK	10.00
266	ZEEL	10.00