BANK NIFTY WEEKLY OPTIONS

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

DEPARTMENT : FUTURES & OPTIONS

Download Ref No : NSE/FAOP/32329

Date : May 05, 2016

Circular Ref. No : 044/2016

All Members,

Introduction of Weekly Options contracts on BANKNIFTY Index

Exchange is pleased to inform members that with reference to approval received from SEBI, Weekly Options contracts on BANKNIFTY Index shall be made available for trading in Future & Options segment w.e.f. May 27, 2016.

The relevant information about the weekly options contracts are as given below:

Annexure – 1: Contract Specifications

Annexure – 2: The weekly options contracts available for trading from May 27, 2016 onwards.

The settlement procedure and details shall be intimated separately by NSCCL.

Members may note that there is no change in the structure of any of the reports.

The contract.gz file made available to trading members on the NSE Extranet (Path: /faoftp/faocommon) from May 26, 2016 end of day will reflect the new weekly options contracts. Further, members are advised to load the above file in the trading application before trading on May 27, 2016.

For and on behalf of

National Stock Exchange of India Limited

Khushal Shah

Chief Manager

	Toll Free No	Fax No	Email id
	1800-266-00-53	+91-22-26598449	fotrade@nse.co.in
	Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051			Page 1 of 2

Annexure – 1

Contract Specifications

The Exchange hereby notifies the following for Weekly Options contracts on BANKNIFTY Index.

Instrument Name	OPTIDX
Symbol	BANKNIFTY
Expiry date	Every Thursday of the week. In case the Thursday is a trading
	holiday, the previous trading day shall be the expiry/last
	trading day. All contracts shall expire at the normal market
	closing time on the expiry day or such other time as decided
	by Exchange.
Contract cycle	7 weekly expiry contracts excluding the expiry week of
	monthly contract
	New serial weekly options contract shall be introduced after
	expiry of the respective week’s contract.
Contract Size	30 units for all expires of the month of June 2016 and
	40 units for all expires from the month of July 2016

Note: All other contract specifications shall be in line with the monthly expiring BANKNIFTY options contracts.

Annexure – 2

The following weekly options contracts shall be available for trading from May 27, 2016 onwards

SR NO	INSTRUMENT	SYMBOL	EXPIRY DATE
1	OPTIDX	BANKNIFTY	02-Jun-16
2	OPTIDX	BANKNIFTY	09-Jun-16
3	OPTIDX	BANKNIFTY	16-Jun-16
4	OPTIDX	BANKNIFTY	23-Jun-16
5	OPTIDX	BANKNIFTY	07-Jul-16
6	OPTIDX	BANKNIFTY	14-Jul-16
7	OPTIDX	BANKNIFTY	21-Jul-16

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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