As in equity derivative segment. Expiry Day:
2:45 pm or 3:30 pm
No. of strikes/strike intervals
8-1-8 (100 point interval)
Expiry Date
3rd Friday of the respective contract month.
In case third Friday is a holiday in UK or in India the
contract shall expire on the preceding business day.
Contract months
3 serial monthly contracts and 3 Quarterly
expiry contracts in the Mar-Jun-Sep-Dec cycle
Option Type
The options
contracts shall be European styled which can be exercised
only on the expiration date.
Daily Settlement Price
Daily premium settlement
Final Settlement Price
Based on Exchange delivery settlement
price(computed based on the intra-day auction prices
conducted at LSE)
Final Settlement Procedure
Final settlement will be Cash settled in INR
based on final settlement price. long positions of in-the
money contracts shall be assigned to open short positions in
option contracts.
Final Settlement day
All open positions on expiry date shall be
settled on the next working day of the expiry date (T+1)
Position Limits
The Trading Member/Mutual Funds position
limits as well as the disclosure requirement for clients is
same as applicable in case of domestic stock index
derivatives.
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