Notice No20210615-17Notice Date15 Jun 2021
CategoryTradingSegmentEquity
SubjectTrading facility in STRIPS (Separate Trading of Registered Interest and Principal Securities) in equity segment.
Content

 

Trading members of the Exchange may note that Exchange will be offering trading facility in STRIPS (Separate Trading of Registered Interest and Principal Securities) in equity segment w.e.f June 16, 2021.

Contract Specifications for STRIPS  

Trading Timings 

09:15 am to 03:30 pm 

Market Holidays 

Holiday Calendar of Equity Segment 

Scrip Group 

G 

Price Quotation 

The STRIPS shall be quoted in (100 basis points). The price precision shall be up to 2 decimals

Market Lot

100

Order Matching 

Order on the STRIPS shall continue be matched based on the existing price-time priority 

Tick Size 

 0.01 

Close Price 

The close price of the STRIPS shall be based on volume weighted average of trade prices of the trades executed during the last 30 minutes of continuous trading for that bond. In case no trade occurs during the last 30 minutes of the continuous trading session, the close price shall be the Last Trade Price for that bond. In case no trades occur in continuous trading session during the entire day, the close price shall be the Previous Close Price. 

 

 

Settlement 

Rolling Settlements basis with a T+2 Delivery Cycle same as followed in Equity Segment

Holding of Bonds 

The Bonds for retail trading through BSE can be held by investors in the same Demat account as is used for equity at the Depositories. 

Price Bands 

+/- 10%

Margins 

Margin - 10% flat Margin plus end of the day mark-to market margin as applicable 

File Formats

File formats will be the same as G group.

 

 

Procedure for shortage handling will be same as applicable to Government Securities traded in G-Group.

 

Transaction charges shall be same as applicable to G group.

 

List of securities available for trading is attached as Annexure.

 

Trading Members are requested to contact the following officials of the Exchange for any further queries: 

 

Mr. Vijay Krishnamurthy

022 2272 5812

Mr. Ankit Parekh

022 2272 8377

 

 

For and on behalf of BSE Ltd,

Ketan Jantre

Sameer Vaze

 

Sr.GM-Trading Operations

AGM-Trading Operations

 
Attachments
Annexure - List of STRIPS.docx