December 31, 2009

Press Release No. 1

NSE completes the 1^st IRF Physical Delivery Settlement smoothly

National Stock Exchange (NSE) became the first exchange to receive approval from SEBI to introduce Exchange traded Interest Rate Futures (IRF) contracts for trading. Keeping in line with its tradition of being a pioneer, NSE launched the trading of IRF contracts on 31st Aug 2009 in the Currency derivatives segment (CDS).

The first contract to be launched was the December 2009 contract. The delivery for this contract was permitted during the entire month. Totally 3063 contracts with a face value of Rs 61.26 crores were settled through delivery of GOI securities. Many fixed income participants have observed that the settlement was completed without any shortfall or operational bottlenecks.

All pay-in of Government of India Securities were received in demat mode. The payout were given to clearing members for 1740 contract with a face value of Rs 34.80 crores through the demat mode and for balance 1323 contracts for face value of Rs 26.46 crores in their SGL/CSGL account, which constituted around 44% of the total settlement value.

Press Release No. 2

NSE completes its 2459^th Normal Settlement

The Exchange has successfully completed its 2459^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2009241 on December 31, 2009. The settlement statistics are as follows:

Particulars	Values
	N-2009241
Total traded quantity (lakhs)	6106.73
Total traded value (Rs. In Crores)	11488.38
Total value of the settlement (Securities) (Rs. In Crores)	2736.84
Total value of the settlement (Funds) (Rs. In Crores)	524.26
Shortages for the settlement	0.15%
% of Delivery ( No. of shares deliverable / No. of shares traded )	24.77%

Retail Debt Market has completed its 1733^rd settlement, details of which are as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2009241	NIL	NIL	NIL