NATIONAL
STOCK EXCHANGE OF INDIA LIMITED
FUTURES
& OPTIONS SEGMENT
CIRCULAR
Circular No: NSE/F&O/118/2008 October 28, 2008
Download No: NSE/FAOP/11555
Dear Members,
Subject:
Adjustment of Futures and Options contracts in the security Shipping
Corporation of India Ltd (SCI)
In pursuance of SEBI guidelines for adjustments to futures and options
contracts on announcement of corporate action and in continuation to
circular no NSE/F&O/106/2008 dated October 03, 2008, the members are informed of the following:
Corporate action:
Shipping
Corporation Of India Ltd. has informed the Exchange that at the Annual General
Meeting of SCI held on September 29, 2008 the following proposal was approved
by the shareholders: "Issuance of 1 bonus equity share having nominal
value of Rs.10/- each, for every 2 equity shares held by the
shareholders." In this regard, the record date for bonus shares has been
fixed as October 31, 2008.
Symbol : SCI
Bonus issue ratio : 1:2
Ex-date : October 29, 2008
Record Date : October 31, 2008
Adjustment factor:
Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the
case of SCI, the adjustment factor is 3/2 =1.5 since the bonus issue ratio is 1:2.
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
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
The above changes shall be effective from October 29, 2008.
The methodology for position
adjustments has been separately intimated by NSCCL.
Members are requested to load the following files in the NEATFO software
before trading on October 29, 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 SCI on October 29, 2008 is given in Annexure I.
For any clarifications, members are advised to
contact the following officials:
Mr. Sachin Dhar and Mr. Janardhan Gujaran at 022-26598151 and 022-26598152.
For
and on behalf of
National
Stock Exchange of India Limited
Suprabhat Lala
Assistant
Vice President
ANNEXURE I
|
Sr. No. |
Instrument |
Symbol |
Expiry |
Existing strike price |
Revised strike price |
|
1 |
OPTSTK |
SCI |
29-Oct-08 |
100.00 |
66.65 |
|
2 |
OPTSTK |
SCI |
29-Oct-08 |
105.00 |
70.00 |
|
3 |
OPTSTK |
SCI |
29-Oct-08 |
110.00 |
73.35 |
|
4 |
OPTSTK |
SCI |
29-Oct-08 |
115.00 |
76.65 |
|
5 |
OPTSTK |
SCI |
29-Oct-08 |
120.00 |
80.00 |
|
6 |
OPTSTK |
SCI |
29-Oct-08 |
125.00 |
83.35 |
|
7 |
OPTSTK |
SCI |
29-Oct-08 |
130.00 |
86.65 |
|
8 |
OPTSTK |
SCI |
29-Oct-08 |
135.00 |
90.00 |
|
9 |
OPTSTK |
SCI |
29-Oct-08 |
140.00 |
93.35 |
|
10 |
OPTSTK |
SCI |
29-Oct-08 |
145.00 |
96.65 |
|
11 |
OPTSTK |
SCI |
29-Oct-08 |
150.00 |
100.00 |
|
12 |
OPTSTK |
SCI |
29-Oct-08 |
155.00 |
103.35 |
|
13 |
OPTSTK |
SCI |
29-Oct-08 |
160.00 |
106.65 |
|
14 |
OPTSTK |
SCI |
29-Oct-08 |
165.00 |
110.00 |
|
15 |
OPTSTK |
SCI |
29-Oct-08 |
170.00 |
113.35 |
|
16 |
OPTSTK |
SCI |
29-Oct-08 |
175.00 |
116.65 |
|
17 |
OPTSTK |
SCI |
29-Oct-08 |
180.00 |
120.00 |
|
18 |
OPTSTK |
SCI |
29-Oct-08 |
185.00 |
123.35 |
|
19 |
OPTSTK |
SCI |
29-Oct-08 |
190.00 |
126.65 |
|
20 |
OPTSTK |
SCI |
29-Oct-08 |
195.00 |
130.00 |
|
21 |
OPTSTK |
SCI |
29-Oct-08 |
200.00 |
133.35 |
|
22 |
OPTSTK |
SCI |
29-Oct-08 |
205.00 |
136.65 |
|
23 |
OPTSTK |
SCI |
29-Oct-08 |
210.00 |
140.00 |
|
24 |
OPTSTK |
SCI |
29-Oct-08 |
215.00 |
143.35 |
|
25 |
OPTSTK |
SCI |
29-Oct-08 |
220.00 |
146.65 |
|
26 |
OPTSTK |
SCI |
29-Oct-08 |
225.00 |
150.00 |
|
27 |
OPTSTK |
SCI |
29-Oct-08 |
230.00 |
153.35 |
|
28 |
OPTSTK |
SCI |
29-Oct-08 |
235.00 |
156.65 |
|
29 |
OPTSTK |
SCI |
29-Oct-08 |
240.00 |
160.00 |
|
30 |
OPTSTK |
SCI |
29-Oct-08 |
245.00 |
163.35 |
|
31 |
OPTSTK |
SCI |
29-Oct-08 |
250.00 |
166.65 |
|
32 |
OPTSTK |
SCI |
29-Oct-08 |
255.00 |
170.00 |
|
33 |
OPTSTK |
SCI |
27-Nov-08 |
100.00 |
66.65 |
|
34 |
OPTSTK |
SCI |
27-Nov-08 |
105.00 |
70.00 |
|
35 |
OPTSTK |
SCI |
27-Nov-08 |
110.00 |
73.35 |
|
36 |
OPTSTK |
SCI |
27-Nov-08 |
115.00 |
76.65 |
|
37 |
OPTSTK |
SCI |
27-Nov-08 |
120.00 |
80.00 |
|
38 |
OPTSTK |
SCI |
27-Nov-08 |
125.00 |
83.35 |
|
39 |
OPTSTK |
SCI |
27-Nov-08 |
130.00 |
86.65 |
|
40 |
OPTSTK |
SCI |
27-Nov-08 |
135.00 |
90.00 |
|
41 |
OPTSTK |
SCI |
27-Nov-08 |
140.00 |
93.35 |
|
42 |
OPTSTK |
SCI |
27-Nov-08 |
145.00 |
96.65 |
|
43 |
OPTSTK |
SCI |
27-Nov-08 |
150.00 |
100.00 |
|
44 |
OPTSTK |
SCI |
27-Nov-08 |
155.00 |
103.35 |
|
45 |
OPTSTK |
SCI |
27-Nov-08 |
160.00 |
106.65 |
|
46 |
OPTSTK |
SCI |
27-Nov-08 |
165.00 |
110.00 |
|
47 |
OPTSTK |
SCI |
27-Nov-08 |
170.00 |
113.35 |
|
48 |
OPTSTK |
SCI |
27-Nov-08 |
175.00 |
116.65 |
|
49 |
OPTSTK |
SCI |
27-Nov-08 |
180.00 |
120.00 |
|
50 |
OPTSTK |
SCI |
27-Nov-08 |
185.00 |
123.35 |
|
51 |
OPTSTK |
SCI |
27-Nov-08 |
190.00 |
126.65 |
|
52 |
OPTSTK |
SCI |
27-Nov-08 |
195.00 |
130.00 |
|
53 |
OPTSTK |
SCI |
27-Nov-08 |
200.00 |
133.35 |
|
54 |
OPTSTK |
SCI |
27-Nov-08 |
205.00 |
136.65 |
|
55 |
OPTSTK |
SCI |
27-Nov-08 |
210.00 |
140.00 |
|
56 |
OPTSTK |
SCI |
27-Nov-08 |
215.00 |
143.35 |
|
57 |
OPTSTK |
SCI |
27-Nov-08 |
220.00 |
146.65 |
|
58 |
OPTSTK |
SCI |
27-Nov-08 |
225.00 |
150.00 |
|
59 |
OPTSTK |
SCI |
27-Nov-08 |
230.00 |
153.35 |
|
60 |
OPTSTK |
SCI |
25-Dec-08 |
100.00 |
66.65 |
|
61 |
OPTSTK |
SCI |
25-Dec-08 |
105.00 |
70.00 |
|
62 |
OPTSTK |
SCI |
25-Dec-08 |
110.00 |
73.35 |
|
63 |
OPTSTK |
SCI |
25-Dec-08 |
115.00 |
76.65 |
|
64 |
OPTSTK |
SCI |
25-Dec-08 |
120.00 |
80.00 |
|
65 |
OPTSTK |
SCI |
25-Dec-08 |
125.00 |
83.35 |
|
66 |
OPTSTK |
SCI |
25-Dec-08 |
130.00 |
86.65 |
|
67 |
OPTSTK |
SCI |
25-Dec-08 |
135.00 |
90.00 |
|
68 |
OPTSTK |
SCI |
25-Dec-08 |
140.00 |
93.35 |
|
69 |
OPTSTK |
SCI |
25-Dec-08 |
145.00 |
96.65 |
|
70 |
OPTSTK |
SCI |
25-Dec-08 |
150.00 |
100.00 |
|
71 |
OPTSTK |
SCI |
25-Dec-08 |
155.00 |
103.35 |
|
72 |
OPTSTK |
SCI |
25-Dec-08 |
160.00 |
106.65 |
|
73 |
OPTSTK |
SCI |
25-Dec-08 |
165.00 |
110.00 |
|
74 |
OPTSTK |
SCI |
25-Dec-08 |
170.00 |
113.35 |
|
75 |
OPTSTK |
SCI |
25-Dec-08 |
175.00 |
116.65 |
|
76 |
OPTSTK |
SCI |
25-Dec-08 |
180.00 |
120.00 |