NATIONAL SECURITIES
CLEARING CORPORATION LIMITED
FUTURES
AND OPTIONS SEGMENT
Download No.: NSE/CMPT/11512 October 20, 2008
Circular No.: NSCC/F&O/C&S/900
Change in settlement schedule for
October 21, 2008
In partial modification to circular Nos. NSCC/F&O/C&S/772 (Download No. NSE/CMPT/9965) dated December 27, 2007 regarding Clearing & Settlement holiday list for Calendar Year 2008 and NSCC/F&O/C&S/876 (Download No. NSE/CMPT/11240) dated September 5, 2008 regarding settlement schedule for the month of October 2008, members are requested to note that there shall be no settlement on October 21, 2008 in view of RBI Press release dated October 18, 2008 about disruption of their normal work including the payment and settlement system. The revised settlement schedule is as under:
|
Trade/Exercise Date |
Daily Settlement Date |
|
20-Oct-08 |
22-Oct-08 |
|
21-Oct-08 |
22-Oct-08 |
Members are requested to note that on account of strike declared by RBI on October 21, 2008, the settlements for trade / exercise dates October 20, 2008 and October 21, 2008 shall be done on October 22, 2008. The pay-in / pay-out transactions for the aforesaid settlements shall be done on sequential basis as given below:
|
Settlement Date |
Settlement sequence |
Trade / Exercise date |
Pay-in time at NSCCL on settlement day |
|
22-Oct-08 |
1st round |
20-Oct-08 |
11:00 A.M. |
|
22-Oct-08 |
2nd round |
21-Oct-08 |
12:30 P.M. |
For any further clarifications Members may contact the following officials of the Clearing Corporation:
Mr. Harpreet Singh Chawla, Mr.Sitikantha Chatterjee and Ms Dinaz Shroff.
Phone Nos. 26598165 Fax: 26598243 / 44
Yours faithfully,
For National Securities Clearing Corporation Ltd.
Rana Usman
Manager