Index based market wide circuit breaker in compulsory rolling settlement

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 28, 2001 The President/Executive Director/Managing Director All the Stock Exchanges Dear Sir, Sub:-Index based market wide circuit breaker in compulsory rolling settlement It has been decided to implement with effect from July 02, 2001 an index based market wide circuit breaker system, which will apply at three stages of the index movement either .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ce before 1 pm. If the 15% trigger is reached on or after 1 pm but before 2 pm, there will be a 1 hour halt. If the 15% trigger is reached on or after 2 pm the trading will halt for the remainder of the day. In case of a 20% movement of the index, the trading will be halted for the remainder of the day. 2. These percentages will be translated into absolute points of index va .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... been decided that there would be individual scrip wise price bands of 20% either way, for all scrips in the compulsory rolling settlement except for the scrips on which derivatives products are available or scrips included in indices on which derivatives products are available. 5. While in the rest of the scrips that are not in compulsory rolling settlement, the existing price bands .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X