December 21, 2009

 

                                                                     Press Release no. 1

LIC and Central Bank of India come forward to support IRF market

 

Keeping in line with its tradition of being a pioneer, NSE launched the trading of Interest Rate Futures (IRF) contracts on 31st Aug 2009. Unlike other derivatives instruments in India, IRF is the physically settled derivatives instrument with delivery of the deliverable grade securities from the basket specified by the exchange.

Participation in IRF has remained limited due to concerns fear of illiquidity in the underlying GOI securities market. The major concern of the buyers of IRF is to dispose of the securities received against IRF contracts. Similarly sellers of the IRF contracts are concerned that they may not be able to easily procure the securities to meet their delivery obligation. To allay these concerns,  Life Insurance Corporation of India (LIC) and Central Bank of India have come forward to purchase GOI securities from members who desire to liquidate the securities received against their IRF obligations at a small yield spread over the FIMMDA valuation rates. Additionally Central Bank of India has also agreed to offer securities from its book to members who desire to procure them to meet IRF obligation.

IRF market is expected to see far larger volumes in the coming days, as the promised support from LIC and Central bank of India will remove certain concerns about the physical delivery settlement.

 

                                                                     Press Release no. 2

Listing of units issued by Reliance Capital Asset Management Limited (Reliance Fixed Horizon Fund - XIII - Series 5)

 

The following units issued by Reliance Capital Asset Management Limited on behalf of Reliance Mutual Fund shall be admitted to dealings on the Exchange w.e.f. December 23, 2009. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr No

Symbol

Issue Description

Series

ISIN Code

1

RFHF13RDP5

Units of Rs.10/- each of Reliance Mutual Fund - Reliance Fixed Horizon Fund XIII - Series 5 - Dividend Payout Option

MF

INF204K01AS0

2

RFHF13RGP5

Units of Rs.10/- each of Reliance Mutual Fund - Reliance Fixed Horizon Fund XIII - Series 5 - Growth Option

MF

INF204K01AR2

 

 

Press Release no. 3

NSE completes its 2453rd Normal Settlement

 

The Exchange has successfully completed its 2453rd Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2009235 on        December 21, 2009. The settlement statistics are as follows:    

Particulars
Values

 

N-2009235

Total traded quantity (lakhs)

6537.61

Total traded value (Rs. In Crores)

13251.53

Total value of the settlement (Securities) (Rs. In Crores)

3073.83

Total value of the settlement (Funds) (Rs. In Crores)

602.49

Shortages for the settlement

0.16%

% of  Delivery ( No. of shares deliverable / No. of shares traded )

22.49%


Retail Debt Market has completed its 1727th settlement, details of which are as follows:

Settlement No.

Traded Value

Settlement Value

 

 

Securities

Funds

D- 2009235

NIL

NIL

NIL