NATIONAL STOCK EXCHANGE OF INDIA LIMITED
FUTURES & OPTIONS SEGMENT
CIRCULAR
Circular No.: NSE/F&O/103/2008 September 30, 2008
Download No: NSE/FAOP/11402
Dear Members,
Subject : Adjustment of Futures and
Options contracts in the security LT
In pursuance of SEBI guidelines for
adjustments to futures and options contracts on announcement of corporate
action and in continuance to circular no NSE/F&O/091/2008 dated September
8, 2008, the members are informed of the following:
Corporate action :
Larsen & Toubro Limited has informed the Exchange that at the
Annual General Meeting of the Company held on August 29, 2008, Members approved
the issue of Bonus shares in the ratio of 1:1 (i.e. one bonus share for every
one share held). Accordingly October 03, 2008 has been fixed as
the Record date in order to determine the Members entitled to receive the
aforesaid Bonus Shares.
Symbol: LT
Bonus issue ratio: 1:1
Record Date: October 3, 2008
Ex-date: October 1, 2008
Adjustment factor :
Adjustment factor for Bonus issue of
A:B is defined as (A+B)/B. In the case of LT, the
adjustment factor is 2/1 = 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 100.
Adjustments for Futures Contracts:
1. Futures Base
Price: The adjusted Futures Base Price shall be arrived at by dividing the old
Futures Base 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 100.
The methodology for position adjustments has been separately
intimated by NSCCL.
The above
changes shall be effective from October 1, 2008.
Members are
requested to load the following files in the NEATFO software before trading on
October 1, 2008.
1. Security.gz
2. Contract.gz
These files can be obtained from the
directory faoftp/faocommon
on the Extranet server.
The details of the revised option strike prices available
for trading in the security LT on October 1, 2008 is given in Annexure I.
For any clarifications, members are
advised to contact the following officials:
Ms. Shalini
Rebeiro and Mr. Sachin Dhar at 022-26598151 and 022-26598152.
For and on
behalf of
National
Stock Exchange of India Limited
Suprabhat Lala
Assistant
Vice President
Annexure 1
|
Sr. No. |
Instrument |
Symbol |
Expiry |
Existing strike price |
Revised strike price |
|
1 |
OPTSTK |
LT |
29-Oct-08 |
2250 |
1125 |
|
2 |
OPTSTK |
LT |
29-Oct-08 |
2280 |
1140 |
|
3 |
OPTSTK |
LT |
29-Oct-08 |
2310 |
1155 |
|
4 |
OPTSTK |
LT |
29-Oct-08 |
2340 |
1170 |
|
5 |
OPTSTK |
LT |
29-Oct-08 |
2350 |
1175 |
|
6 |
OPTSTK |
LT |
29-Oct-08 |
2370 |
1185 |
|
7 |
OPTSTK |
LT |
29-Oct-08 |
2400 |
1200 |
|
8 |
OPTSTK |
LT |
29-Oct-08 |
2430 |
1215 |
|
9 |
OPTSTK |
LT |
29-Oct-08 |
2450 |
1225 |
|
10 |
OPTSTK |
LT |
29-Oct-08 |
2460 |
1230 |
|
11 |
OPTSTK |
LT |
29-Oct-08 |
2490 |
1245 |
|
12 |
OPTSTK |
LT |
29-Oct-08 |
2500 |
1250 |
|
13 |
OPTSTK |
LT |
29-Oct-08 |
2520 |
1260 |
|
14 |
OPTSTK |
LT |
29-Oct-08 |
2550 |
1275 |
|
15 |
OPTSTK |
LT |
29-Oct-08 |
2600 |
1300 |
|
16 |
OPTSTK |
LT |
29-Oct-08 |
2650 |
1325 |
|
17 |
OPTSTK |
LT |
29-Oct-08 |
2700 |
1350 |
|
18 |
OPTSTK |
LT |
29-Oct-08 |
2750 |
1375 |
|
19 |
OPTSTK |
LT |
29-Oct-08 |
2800 |
1400 |
|
20 |
OPTSTK |
LT |
29-Oct-08 |
2850 |
1425 |
|
21 |
OPTSTK |
LT |
29-Oct-08 |
2900 |
1450 |
|
22 |
OPTSTK |
LT |
29-Oct-08 |
2950 |
1475 |
|
23 |
OPTSTK |
LT |
29-Oct-08 |
3000 |
1500 |
|
24 |
OPTSTK |
LT |
29-Oct-08 |
3050 |
1525 |
|
25 |
OPTSTK |
LT |
27-Nov-08 |
2250 |
1125 |
|
26 |
OPTSTK |
LT |
27-Nov-08 |
2280 |
1140 |
|
27 |
OPTSTK |
LT |
27-Nov-08 |
2310 |
1155 |
|
28 |
OPTSTK |
LT |
27-Nov-08 |
2340 |
1170 |
|
29 |
OPTSTK |
LT |
27-Nov-08 |
2350 |
1175 |
|
30 |
OPTSTK |
LT |
27-Nov-08 |
2370 |
1185 |
|
31 |
OPTSTK |
LT |
27-Nov-08 |
2400 |
1200 |
|
32 |
OPTSTK |
LT |
27-Nov-08 |
2430 |
1215 |
|
33 |
OPTSTK |
LT |
27-Nov-08 |
2450 |
1225 |
|
34 |
OPTSTK |
LT |
27-Nov-08 |
2460 |
1230 |
|
35 |
OPTSTK |
LT |
27-Nov-08 |
2490 |
1245 |
|
36 |
OPTSTK |
LT |
27-Nov-08 |
2500 |
1250 |
|
37 |
OPTSTK |
LT |
27-Nov-08 |
2520 |
1260 |
|
38 |
OPTSTK |
LT |
27-Nov-08 |
2550 |
1275 |
|
39 |
OPTSTK |
LT |
27-Nov-08 |
2600 |
1300 |
|
40 |
OPTSTK |
LT |
27-Nov-08 |
2650 |
1325 |
|
41 |
OPTSTK |
LT |
27-Nov-08 |
2700 |
1350 |
|
42 |
OPTSTK |
LT |
27-Nov-08 |
2750 |
1375 |
|
43 |
OPTSTK |
LT |
27-Nov-08 |
2800 |
1400 |
|
44 |
OPTSTK |
LT |
27-Nov-08 |
2850 |
1425 |
|
45 |
OPTSTK |
LT |
27-Nov-08 |
2900 |
1450 |
|
46 |
OPTSTK |
LT |
25-Dec-08 |
2250 |
1125 |
|
47 |
OPTSTK |
LT |
25-Dec-08 |
2280 |
1140 |
|
48 |
OPTSTK |
LT |
25-Dec-08 |
2310 |
1155 |
|
49 |
OPTSTK |
LT |
25-Dec-08 |
2340 |
1170 |
|
50 |
OPTSTK |
LT |
25-Dec-08 |
2370 |
1185 |
|
51 |
OPTSTK |
LT |
25-Dec-08 |
2400 |
1200 |
|
52 |
OPTSTK |
LT |
25-Dec-08 |
2430 |
1215 |
|
53 |
OPTSTK |
LT |
25-Dec-08 |
2450 |
1225 |
|
54 |
OPTSTK |
LT |
25-Dec-08 |
2460 |
1230 |
|
55 |
OPTSTK |
LT |
25-Dec-08 |
2490 |
1245 |
|
56 |
OPTSTK |
LT |
25-Dec-08 |
2500 |
1250 |
|
57 |
OPTSTK |
LT |
25-Dec-08 |
2520 |
1260 |
|
58 |
OPTSTK |
LT |
25-Dec-08 |
2550 |
1275 |
|
59 |
OPTSTK |
LT |
25-Dec-08 |
2600 |
1300 |
|
60 |
OPTSTK |
LT |
25-Dec-08 |
2650 |
1325 |
|
61 |
OPTSTK |
LT |
25-Dec-08 |
2700 |
1350 |