NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES & OPTIONS SEGMENT

CIRCULAR

 

Circular No. NSE/F&O/113/2008                                                              October 10, 2008

Download No: NSE/FAOP/11462

 

Dear Members,

 

Subject: Adjustment of Futures and Options contracts in the security AIAENG

                                                                                            

In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action of split of shares and in continuation to circular no NSE/F&O/099/2008 dated September 24, 2008, the members are informed of the following:

 

Corporate action:

 

AIA Engineering Limited has informed the Exchange that the Board of Directors of the Company has fixed October 20, 2008 as the Record Date for the purpose of Sub-division / Stock Split of Equity Shares of Face Value of Rs. 10 each of the Company into the face value of Rs. 2 each.

 

Symbol                        : AIAENG

Stock split ratio           : 10:2

Ex-date                       : October 13, 2008

Record Date                : October 20, 2008

 

Adjustment factor:

 

Adjustment factor for Split of shares of A:B is defined as A/B. In the case of AIAENG the adjustment factor is 10/2 = 5, since the split ratio is 10:2.

 

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 1000.

 


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 1000

 

 

The methodology for position adjustments has been separately intimated by NSCCL.

 

The above changes shall be effective from October 13, 2008

 

Members are advised to load the following files in the NEATFO software before trading on October 13, 2008

 

1.      Security.gz

2.      Contract.gz

 

These files can be obtained from the directory faoftp/faocommon in the Extranet server.

 

The details of the revised option strike prices available for trading in the security AIAENG on October 13, 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

Asst. Vice President


 

Annexure 1

 

Sr. No.

Instrument

Symbol

Expiry

Existing strike price

Revised strike price

1

OPTSTK

AIAENG

29-Oct-08

920.00

184.00

2

OPTSTK

AIAENG

29-Oct-08

940.00

188.00

3

OPTSTK

AIAENG

29-Oct-08

960.00

192.00

4

OPTSTK

AIAENG

29-Oct-08

980.00

196.00

5

OPTSTK

AIAENG

29-Oct-08

1000.00

200.00

6

OPTSTK

AIAENG

29-Oct-08

1020.00

204.00

7

OPTSTK

AIAENG

29-Oct-08

1040.00

208.00

8

OPTSTK

AIAENG

29-Oct-08

1050.00

210.00

9

OPTSTK

AIAENG

29-Oct-08

1080.00

216.00

10

OPTSTK

AIAENG

29-Oct-08

1110.00

222.00

11

OPTSTK

AIAENG

29-Oct-08

1140.00

228.00

12

OPTSTK

AIAENG

29-Oct-08

1170.00

234.00

13

OPTSTK

AIAENG

29-Oct-08

1200.00

240.00

14

OPTSTK

AIAENG

29-Oct-08

1230.00

246.00

15

OPTSTK

AIAENG

29-Oct-08

1260.00

252.00

16

OPTSTK

AIAENG

29-Oct-08

1290.00

258.00

17

OPTSTK

AIAENG

29-Oct-08

1320.00

264.00

18

OPTSTK

AIAENG

29-Oct-08

1350.00

270.00

19

OPTSTK

AIAENG

29-Oct-08

1380.00

276.00

20

OPTSTK

AIAENG

29-Oct-08

1410.00

282.00

21

OPTSTK

AIAENG

29-Oct-08

1440.00

288.00

22

OPTSTK

AIAENG

29-Oct-08

1470.00

294.00

23

OPTSTK

AIAENG

29-Oct-08

1500.00

300.00

24

OPTSTK

AIAENG

29-Oct-08

1530.00

306.00

25

OPTSTK

AIAENG

29-Oct-08

1560.00

312.00

26

OPTSTK

AIAENG

29-Oct-08

1590.00

318.00

27

OPTSTK

AIAENG

29-Oct-08

1620.00

324.00

28

OPTSTK

AIAENG

29-Oct-08

1650.00

330.00

29

OPTSTK

AIAENG

29-Oct-08

1680.00

336.00

30

OPTSTK

AIAENG

29-Oct-08

1710.00

342.00

31

OPTSTK

AIAENG

27-Nov-08

920.00

184.00

32

OPTSTK

AIAENG

27-Nov-08

940.00

188.00

33

OPTSTK

AIAENG

27-Nov-08

960.00

192.00

34

OPTSTK

AIAENG

27-Nov-08

980.00

196.00

35

OPTSTK

AIAENG

27-Nov-08

1000.00

200.00

36

OPTSTK

AIAENG

27-Nov-08

1020.00

204.00

37

OPTSTK

AIAENG

27-Nov-08

1040.00

208.00

38

OPTSTK

AIAENG

27-Nov-08

1050.00

210.00

39

OPTSTK

AIAENG

27-Nov-08

1080.00

216.00

40

OPTSTK

AIAENG

27-Nov-08

1110.00

222.00

41

OPTSTK

AIAENG

27-Nov-08

1140.00

228.00

42

OPTSTK

AIAENG

27-Nov-08

1170.00

234.00

43

OPTSTK

AIAENG

27-Nov-08

1200.00

240.00

44

OPTSTK

AIAENG

27-Nov-08

1230.00

246.00

45

OPTSTK

AIAENG

27-Nov-08

1260.00

252.00

46

OPTSTK

AIAENG

27-Nov-08

1290.00

258.00

47

OPTSTK

AIAENG

27-Nov-08

1320.00

264.00

48

OPTSTK

AIAENG

27-Nov-08

1350.00

270.00

49

OPTSTK

AIAENG

27-Nov-08

1380.00

276.00

50

OPTSTK

AIAENG

27-Nov-08

1410.00

282.00

51

OPTSTK

AIAENG

27-Nov-08

1440.00

288.00

52

OPTSTK

AIAENG

27-Nov-08

1470.00

294.00

53

OPTSTK

AIAENG

27-Nov-08

1500.00

300.00

54

OPTSTK

AIAENG

27-Nov-08

1530.00

306.00

55

OPTSTK

AIAENG

27-Nov-08

1560.00

312.00

56

OPTSTK

AIAENG

27-Nov-08

1590.00

318.00

57

OPTSTK

AIAENG

27-Nov-08

1620.00

324.00

58

OPTSTK

AIAENG

27-Nov-08

1650.00

330.00

59

OPTSTK

AIAENG

27-Nov-08

1680.00

336.00

60

OPTSTK

AIAENG

27-Nov-08

1710.00

342.00

61

OPTSTK

AIAENG

25-Dec-08

920.00

184.00

62

OPTSTK

AIAENG

25-Dec-08

940.00

188.00

63

OPTSTK

AIAENG

25-Dec-08

960.00

192.00

64

OPTSTK

AIAENG

25-Dec-08

980.00

196.00

65

OPTSTK

AIAENG

25-Dec-08

1000.00

200.00

66

OPTSTK

AIAENG

25-Dec-08

1020.00

204.00

67

OPTSTK

AIAENG

25-Dec-08

1040.00

208.00

68

OPTSTK

AIAENG

25-Dec-08

1050.00

210.00

69

OPTSTK

AIAENG

25-Dec-08

1080.00

216.00

70

OPTSTK

AIAENG

25-Dec-08

1110.00

222.00

71

OPTSTK

AIAENG

25-Dec-08

1140.00

228.00

72

OPTSTK

AIAENG

25-Dec-08

1170.00

234.00

73

OPTSTK

AIAENG

25-Dec-08

1200.00

240.00

74

OPTSTK

AIAENG

25-Dec-08

1230.00

246.00

75

OPTSTK

AIAENG

25-Dec-08

1260.00

252.00

76

OPTSTK

AIAENG

25-Dec-08

1290.00

258.00

77

OPTSTK

AIAENG

25-Dec-08

1320.00

264.00

78

OPTSTK

AIAENG

25-Dec-08

1350.00

270.00

79

OPTSTK

AIAENG

25-Dec-08

1380.00

276.00

80

OPTSTK

AIAENG

25-Dec-08

1410.00

282.00

81

OPTSTK

AIAENG

25-Dec-08

1440.00

288.00

82

OPTSTK

AIAENG

25-Dec-08

1470.00

294.00

83

OPTSTK

AIAENG

25-Dec-08

1500.00

300.00

84

OPTSTK

AIAENG

25-Dec-08

1530.00

306.00