1. At present, the minimum contract size in equity
derivatives segment is Rs. 2 lakhs. The requirement was recently reviewed and
it has been decided to increase the minimum contract size in equity derivatives
segment to Rs. 5 lakhs.
2. Accordingly, the framework for determination of lot
size for derivatives contracts specified vide SEBI circular dated January 08,
2010 is modified as under:
(i)
The lot size for
derivatives contracts in equity derivatives segment shall be fixed in such a
manner that the contract value of the derivative on the day of review is within
Rs. 5 lakhs and Rs. 10 lakhs.
(ii)
For index
derivatives, the lot size (in units of underlying) shall be fixed as a multiple
of 5, provided the lot size is not less that 10.
3. The aforesaid provisions shall be made
effective from the next trading day after expiry of October 2015 contracts.
