NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES & OPTIONS SEGMENT

CIRCULAR

 

 

Circular No: NSE/F&O/119/2008                                                        October 28, 2008

Download No: NSE/FAOP/11556

 

Dear Members,

 

Subject: Adjustment of Futures and Options contracts in the security UNITED PHOSPHOROUS LIMITED (UNIPHOS)

 

 

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/105/2008 dated October 1, 2008, the members are informed of the following:

 

Corporate action:

 

United Phosphorous Limited has informed the Exchange that the Company has fixed the Record Date on October 31, 2008 for the purpose of Bonus Shares in the proportion of 1 (One) new Equity Share of the Company of Rs.2/- each for every 1 (One) existing Equity Share of the Company of Rs.2/- each..

 

Symbol                        :           UNIPHOS

Bonus issue ratio         :           1:1

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 UNIPHOS, 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 1400.

 


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 1400.

 

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 UNIPHOS 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

UNIPHOS

29-Oct-08

125

62.50

2

OPTSTK

UNIPHOS

29-Oct-08

130

65.00

3

OPTSTK

UNIPHOS

29-Oct-08

135

67.50

4

OPTSTK

UNIPHOS

29-Oct-08

140

70.00

5

OPTSTK

UNIPHOS

29-Oct-08

145

72.50

6

OPTSTK

UNIPHOS

29-Oct-08

150

75.00

7

OPTSTK

UNIPHOS

29-Oct-08

155

77.50

8

OPTSTK

UNIPHOS

29-Oct-08

160

80.00

9

OPTSTK

UNIPHOS

29-Oct-08

165

82.50

10

OPTSTK

UNIPHOS

29-Oct-08

170

85.00

11

OPTSTK

UNIPHOS

29-Oct-08

175

87.50

12

OPTSTK

UNIPHOS

29-Oct-08

180

90.00

13

OPTSTK

UNIPHOS

29-Oct-08

185

92.50

14

OPTSTK

UNIPHOS

29-Oct-08

190

95.00

15

OPTSTK

UNIPHOS

29-Oct-08

195

97.50

16

OPTSTK

UNIPHOS

29-Oct-08

200

100.00

17

OPTSTK

UNIPHOS

29-Oct-08

205

102.50

18

OPTSTK

UNIPHOS

29-Oct-08

210

105.00

19

OPTSTK

UNIPHOS

29-Oct-08

215

107.50

20

OPTSTK

UNIPHOS

29-Oct-08

220

110.00

21

OPTSTK

UNIPHOS

29-Oct-08

225

112.50

22

OPTSTK

UNIPHOS

29-Oct-08

230

115.00

23

OPTSTK

UNIPHOS

29-Oct-08

235

117.50

24

OPTSTK

UNIPHOS

29-Oct-08

240

120.00

25

OPTSTK

UNIPHOS

29-Oct-08

245

122.50

26

OPTSTK

UNIPHOS

29-Oct-08

250

125.00

27

OPTSTK

UNIPHOS

29-Oct-08

255

127.50

28

OPTSTK

UNIPHOS

29-Oct-08

260

130.00

29

OPTSTK

UNIPHOS

29-Oct-08

265

132.50

30

OPTSTK

UNIPHOS

29-Oct-08

270

135.00

31

OPTSTK

UNIPHOS

29-Oct-08

280

140.00

32

OPTSTK

UNIPHOS

29-Oct-08

290

145.00

33

OPTSTK

UNIPHOS

29-Oct-08

300

150.00

34

OPTSTK

UNIPHOS

29-Oct-08

310

155.00

35

OPTSTK

UNIPHOS

29-Oct-08

320

160.00

36

OPTSTK

UNIPHOS

29-Oct-08

330

165.00

37

OPTSTK

UNIPHOS

29-Oct-08

340

170.00

38

OPTSTK

UNIPHOS

29-Oct-08

350

175.00

39

OPTSTK

UNIPHOS

29-Oct-08

360

180.00

40

OPTSTK

UNIPHOS

29-Oct-08

370

185.00

41

OPTSTK

UNIPHOS

29-Oct-08

380

190.00

42

OPTSTK

UNIPHOS

29-Oct-08

390

195.00

43

OPTSTK

UNIPHOS

27-Nov-08

125

62.50

44

OPTSTK

UNIPHOS

27-Nov-08

130

65.00

45

OPTSTK

UNIPHOS

27-Nov-08

135

67.50

46

OPTSTK

UNIPHOS

27-Nov-08

140

70.00

47

OPTSTK

UNIPHOS

27-Nov-08

145

72.50

48

OPTSTK

UNIPHOS

27-Nov-08

150

75.00

49

OPTSTK

UNIPHOS

27-Nov-08

155

77.50

50

OPTSTK

UNIPHOS

27-Nov-08

160

80.00

51

OPTSTK

UNIPHOS

27-Nov-08

165

82.50

52

OPTSTK

UNIPHOS

27-Nov-08

170

85.00

53

OPTSTK

UNIPHOS

27-Nov-08

175

87.50

54

OPTSTK

UNIPHOS

27-Nov-08

180

90.00

55

OPTSTK

UNIPHOS

27-Nov-08

185

92.50

56

OPTSTK

UNIPHOS

27-Nov-08

190

95.00

57

OPTSTK

UNIPHOS

27-Nov-08

195

97.50

58

OPTSTK

UNIPHOS

27-Nov-08

200

100.00

59

OPTSTK

UNIPHOS

27-Nov-08

205

102.50

60

OPTSTK

UNIPHOS

27-Nov-08

210

105.00

61

OPTSTK

UNIPHOS

27-Nov-08

215

107.50

62

OPTSTK

UNIPHOS

27-Nov-08

220

110.00

63

OPTSTK

UNIPHOS

27-Nov-08

225

112.50

64

OPTSTK

UNIPHOS

27-Nov-08

230

115.00

65

OPTSTK

UNIPHOS

27-Nov-08

235

117.50

66

OPTSTK

UNIPHOS

27-Nov-08

240

120.00

67

OPTSTK

UNIPHOS

27-Nov-08

245

122.50

68

OPTSTK

UNIPHOS

27-Nov-08

250

125.00

69

OPTSTK

UNIPHOS

27-Nov-08

255

127.50

70

OPTSTK

UNIPHOS

27-Nov-08

260

130.00

71

OPTSTK

UNIPHOS

27-Nov-08

265

132.50

72

OPTSTK

UNIPHOS

27-Nov-08

270

135.00

73

OPTSTK

UNIPHOS

27-Nov-08

280

140.00

74

OPTSTK

UNIPHOS

27-Nov-08

290

145.00

75

OPTSTK

UNIPHOS

27-Nov-08

300

150.00

76

OPTSTK

UNIPHOS

27-Nov-08

310

155.00

77

OPTSTK

UNIPHOS

27-Nov-08

320

160.00

78

OPTSTK

UNIPHOS

27-Nov-08

330

165.00

79

OPTSTK

UNIPHOS

27-Nov-08

340

170.00

80

OPTSTK

UNIPHOS

27-Nov-08

350

175.00

81

OPTSTK

UNIPHOS

27-Nov-08

360

180.00

82

OPTSTK

UNIPHOS

27-Nov-08

370

185.00

83

OPTSTK

UNIPHOS

25-Dec-08

125

62.50

84

OPTSTK

UNIPHOS

25-Dec-08

130

65.00

85

OPTSTK

UNIPHOS

25-Dec-08

135

67.50

86

OPTSTK

UNIPHOS

25-Dec-08

140

70.00

87

OPTSTK

UNIPHOS

25-Dec-08

145

72.50

88

OPTSTK

UNIPHOS

25-Dec-08

150

75.00

89

OPTSTK

UNIPHOS

25-Dec-08

155

77.50

90

OPTSTK

UNIPHOS

25-Dec-08

160

80.00

91

OPTSTK

UNIPHOS

25-Dec-08

165

82.50

92

OPTSTK

UNIPHOS

25-Dec-08

170

85.00

93

OPTSTK

UNIPHOS

25-Dec-08

175

87.50

94

OPTSTK

UNIPHOS

25-Dec-08

180

90.00

95

OPTSTK

UNIPHOS

25-Dec-08

185

92.50

96

OPTSTK

UNIPHOS

25-Dec-08

190

95.00

97

OPTSTK

UNIPHOS

25-Dec-08

195

97.50

98

OPTSTK

UNIPHOS

25-Dec-08

200

100.00

99

OPTSTK

UNIPHOS

25-Dec-08

205

102.50

100

OPTSTK

UNIPHOS

25-Dec-08

210

105.00

101

OPTSTK

UNIPHOS

25-Dec-08

215

107.50

102

OPTSTK

UNIPHOS

25-Dec-08

220

110.00

103

OPTSTK

UNIPHOS

25-Dec-08

225

112.50

104

OPTSTK

UNIPHOS

25-Dec-08

230

115.00

105

OPTSTK

UNIPHOS

25-Dec-08

235

117.50

106

OPTSTK

UNIPHOS

25-Dec-08

240

120.00

107

OPTSTK

UNIPHOS

25-Dec-08

245

122.50

108

OPTSTK

UNIPHOS

25-Dec-08

250

125.00

109

OPTSTK

UNIPHOS

25-Dec-08

255

127.50

110

OPTSTK

UNIPHOS

25-Dec-08

260

130.00

111

OPTSTK

UNIPHOS

25-Dec-08

265

132.50

112

OPTSTK

UNIPHOS

25-Dec-08

270

135.00

113

OPTSTK

UNIPHOS

25-Dec-08

280

140.00

114

OPTSTK

UNIPHOS

25-Dec-08

290

145.00

115

OPTSTK

UNIPHOS

25-Dec-08

300

150.00

116

OPTSTK

UNIPHOS

25-Dec-08

310

155.00

117

OPTSTK

UNIPHOS

25-Dec-08

320

160.00

118

OPTSTK

UNIPHOS

25-Dec-08

330

165.00

119

OPTSTK

UNIPHOS

25-Dec-08

340

170.00