DOWNLOAD REF. NO. NSE/CMPT/4194

NATIONAL SECURITIES CLEARING CORPORATION LIMITED

FUTURES & OPTIONS SEGMENT

Circular No. NSCC/F&O/C&S/198 June 12, 2003

Subject: Introduction of Futures on Interest Rate

This is with reference to NSCCL Circular No. NSCCL/F&O/C&S/197 dated June 10, 2003. Since the introduction of interest rate futures, which was scheduled for June 13, 2003 is postponed, the effective date of the above referred circular shall be notified shortly.

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

NATIONAL SECURITIES CLEARING CORPORATION LIMITED:

Mr. Dinesh Ranade, Mr. Vikram Kothari, Mr Umesh Bali

Phone Nos.022 26598165, 26598265

Fax No. 022 26598243

For National Securities Clearing Corporation Limited

R Sundararaman

Assistant Vice President