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  • Sub: Adjustment of Futures and Options Contracts in The Security TATA Chemicals Limited (TATACHEM)

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    Sridhar Naidu
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    The document provides information about adjustments to futures and options contracts in TATA Chemicals Limited (TATACHEM) stock due to a corporate action. Key points: 1. Existing TATACHEM contracts will expire on March 03, 2020 and be physically settled based on previous guidelines. 2. The settlement price will be TATACHEM's weighted average price on March 03 as determined by NCL. 3. Final settlement details will be in reports provided to members on March 03, and additional reports as per prior guidelines. 4. Positions excluding TATACHEM contracts will be in additional reports on March 03. All TATACHEM positions will cease to exist after final settlement

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    TATACHEM

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    The document provides information about adjustments to futures and options contracts in TATA Chemicals Limited (TATACHEM) stock due to a corporate action. Key points: 1. Existing TATACHEM contracts will expire on March 03, 2020 and be physically settled based on previous guidelines. 2. The settlement price will be TATACHEM's weighted average price on March 03 as determined by NCL. 3. Final settlement details will be in reports provided to members on March 03, and additional reports as per prior guidelines. 4. Positions excluding TATACHEM contracts will be in additional reports on March 03. All TATACHEM positions will cease to exist after final settlement

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    8 views2 pages

    Sub: Adjustment of Futures and Options Contracts in The Security TATA Chemicals Limited (TATACHEM)

    Uploaded by

    Sridhar Naidu
    The document provides information about adjustments to futures and options contracts in TATA Chemicals Limited (TATACHEM) stock due to a corporate action. Key points: 1. Existing TATACHEM contracts will expire on March 03, 2020 and be physically settled based on previous guidelines. 2. The settlement price will be TATACHEM's weighted average price on March 03 as determined by NCL. 3. Final settlement details will be in reports provided to members on March 03, and additional reports as per prior guidelines. 4. Positions excluding TATACHEM contracts will be in additional reports on March 03. All TATACHEM positions will cease to exist after final settlement

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    of 2

    Department : FUTURES & OPTIONS

    Download Ref No: NCL/CMPT/43675 Date: February 26, 2020


    Circular Ref. No: 029/2020

    All Members,
    Sub: Adjustment of Futures and Options contracts in the security TATA
    Chemicals Limited (TATACHEM)

    In pursuance of Byelaws of NCL pertaining to Clearing and Settlement of deals,


    consolidated Circular no. 001/2020 (Download no. NCL/CMPT/43079) dated January
    01, 2020 and Circular no. 15/2020 (Download no. NSE/FAOP/43647) dated
    February 25, 2020 and Circular no.67/2018 (Download no. NCCL/CMPT/38039)
    dated June 15, 2018, members are hereby informed that the settlement of futures
    and options contracts in the security TATA Chemicals Limited (TATACHEM) on
    account of Composite Scheme of Arrangement shall be as under:

    The ex-date in this regard shall be March 04, 2020.

    The following action would be taken by NCL in this regard.

    1. All existing contracts in the underlying TATACHEM i.e. contracts with expiry
    dates March 26, 2020, April 30, 2020 and May 28, 2020 shall expire on March
    03, 2020 and shall be physically settled as per the mechanism specified by
    our Circular no.67/2018 (Download no. NCCL/CMPT/38039) dated June 15,
    2018.

    2. The settlement price to be reckoned for the purpose of final settlement shall
    be the weighted average price of TATACHEM as determined by NCL under
    the interoperability framework, as per circular no NCL/CMPT/40859 dated
    April 27, 2019.

    3. The details of final settlement in respect of TATACHEM shall be available in


    the F_PS03 and F_PS04 reports downloaded to members on March 03,
    2020. Further, additional reports with respect to physical settlement shall be
    downloaded as per Annexure 1 of circular no. 67/2018 (Download no.
    NCCL/CMPT/38039) dated June 15, 2018.

    4. The details of positions excluding contracts of TATACHEM shall be available in


    the additional F_CA_PS03 and F_CA_PS04 reports downloaded to members
    on March 03, 2020.

    5. All positions in the existing futures and options contracts on the underlying
    TATACHEM shall cease to exist pursuant to the final settlement on March 03,
    2020.

    6. The Pay in/pay out of final MTM settlement of all Futures contracts on
    TATACHEM shall be on March 04, 2020 (T+1 day).
    Continuation Sheet

    7. The physical settlement shall be effected on March 05, 2020 (T+2 day).

    For and on behalf of


    NSE Clearing Limited
    (Formerly known as National Securities Clearing Corporation Limited)

    Nisha Pillai
    Chief Manager

    Telephone No Fax No Email id


    18002660050 +91-22-26598269 fao_clearing_ops@nsccl.co.in

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