Author name: Sanjeev

Find out all the information about the Dividend Adjustment of ONGC for Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Oil & Natural Gas Corporation Limited will adjust its dividends according to SEBI regulations.

ONGC Limited announced the Second Interim Dividend of ₹ 4 per share on February 16, 2023. This translates to a yield of 2.71% based on the closing price of ₹ 147.5 on February 15, 2023. The ex-dividend date is set for February 24, 2023, with the record date for dividend payment scheduled for February 24, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, ONGC will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of ONGC for Dec 2023 in the Cash

Investors who buy ONGC shares on or prior to February 23, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of ONGC for Dec 2023 the Futures

In the futures market, ONGC’s futures contracts will be adjusted by subtracting the dividend amount from the February 23, 2023 closing price. For instance, if ONGC closes at ₹ 154 on February 23, 2023, one futures contract would be worth ₹ 154 x 3850 = ₹ 5,92,900. The next day, February 24, 2023, the value of the same contract would be adjusted to ₹ 150 x 3850 = ₹ 5,77,500. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of ONGC for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. March 29, 2023, and those expiring on, April 27, 2023, and June 29, 2023. This can be understood through the table given below:

Dividend Adjustment Of ONGC for Dec 2023

For any additional questions regarding the dividend adjustment of ONGC, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Find out all the information about the Dividend Adjustment of PFC for Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Power Finance Corporation Limited will adjust its dividends according to SEBI regulations.

PFC Limited announced the Third Interim Dividend of ₹ 3.5 per share on February 13, 2023. This translates to a yield of 2.4% based on the closing price of ₹ 145.8 on February 10, 2023. The ex-dividend date is set for February 24, 2023, with the record date for dividend payment scheduled for February 24, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, PFC will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of PFC for Dec 2023 in the Cash

Investors who buy PFC shares on or prior to February 23, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of PFC for Dec 2023 the Futures

In the futures market, PFC’s futures contracts will be adjusted by subtracting the dividend amount from the February 23, 2023 closing price. For instance, if PFC closes at ₹ 148.5 on February 23, 2023, one futures contract would be worth ₹ 148.5 x 6200 = ₹ 9,20,700. The next day, February 24, 2023, the value of the same contract would be adjusted to ₹ 145 x 6200 = ₹ 8,99,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of PFC for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

Dividend Adjustment Of PFC

For any additional questions regarding the dividend adjustment of PFC, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Find out all the information about the Dividend Adjustment of HEROMOTOCO for the quarter ending Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how HERO MOTO CORP LIMITED will adjust its dividends according to SEBI regulations.

HERO MOTO CORP LIMITED announces the Interim Dividend of ₹ 65 per share on February 7, 2023. This translates to a yield of 2.41% based on the closing price of ₹ 2695 on February 6, 2023. The ex-dividend date is set for February 17, 2023, with the record date for dividend payment scheduled for February 17, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, HEROMOTOCO will adjust its dividends in both the futures/options and cash markets.

Dividend Adjustment of HEROMOTOCO for Dec 2023 in the Cash

Investors who buy HEROMOTOCO shares on or prior to February 16, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of HEROMOTOCO for Dec 2023 the Futures

In the futures market, HEROMOTOCO’s futures contracts will be adjusted by subtracting the dividend amount from the February 16, 2023 closing price. For instance, if HEROMOTOCO closes at ₹ 2765 on February 16, 2023, one futures contract would be worth ₹ 2765 x 300 = ₹ 8,29,500. The next day, February 17, 2023, the value of the same contract would be adjusted to ₹ 2700 x 300 = ₹ 8,10,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of HEROMOTOCO for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

HEROMOTOCO dividend adjustment

For any additional questions regarding the dividend adjustment of HEROMOTOCO, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Find out all the information about the Dividend Adjustment of IDFC for Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how IDFC Limited will adjust its dividends according to SEBI regulations.

IDFC Limited announces the Special Interim Dividend of ₹ 11 per share on February 1, 2023. This translates to a yield of 12.83% based on the closing price of ₹ 85.75 on January 31, 2023. The ex-dividend date is set for February 13, 2023, with the record date for dividend payment scheduled for February 13, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in both futures and options markets. In compliance with these rules, IDFC will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of IDFC for Dec 2023 in the Cash

Investors who buy IDFC shares on or prior to February 10, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of IDFC for Dec 2023 the Futures

In the futures market, IDFC’s futures contracts will be adjusted by subtracting the dividend amount from the February 10, 2023 closing price. For instance, if IDFC closes at ₹ 91 on February 10, 2023, one futures contract would be worth ₹ 91 x 10000 = ₹ 9,10,000. The next day, February 13, 2023, the value of the same contract would be adjusted to ₹ 80 x 10000 = ₹ 8,00,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of IDFC for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

Dividend Adjustment Of IDFC

For any additional questions regarding the dividend adjustment of IDFC, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Find out all the information about the Dividend Adjustment Of COALINDIA for Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Coal India Limited will adjust its dividends according to SEBI regulations.

Maharatna PSU Coal India Limited announces the 2nd Interim Dividend of ₹ 5.25 per share on January 31, 2023. This translates to a yield of 2.32% based on the closing price of ₹ 225.85 on January 30, 2023. The ex-dividend date is set for February 8, 2023, with the record date for dividend payment scheduled for February 8, 2023. Coal India has already distributed a dividend of ₹ 15 this year.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in both futures and options markets. In compliance with these rules, COAL INDIA will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment Of COALINDIA for Dec 2023 in the Cash Market

Investors who buy COALINDIA shares on or prior to February 7, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment Of COALINDIA for Dec 2023 in the Futures

In the futures market, COALINDIA’s futures contracts will be adjusted by subtracting the dividend amount from the February 7, 2023 closing price. For instance, if COALINDIA closes at ₹ 225.25 on February 7, 2023, one futures contract would be worth ₹ 225.25 x 4200 = ₹ 9,45,050. The next day, February 8, 2023, the value of the same contract would be adjusted to ₹ 220 x 4200 = ₹ 9,24,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment Of COALINDIA for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

COALINDIA dividend adjustment

For any additional questions regarding the dividend adjustment of COAL INDIA, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Get all the details on the Dividend Adjustment of RECLTD, including the date of ex-dividend, record date, cash, and F&O adjustments, and more. Learn how RECLTD’s dividends will be adjusted in line with SEBI guidelines.

On January 30, 2023, Maharatna company REC LIMITED (RECLTD) NBFC which funds power projects in India, announced that its Board of Directors had approved an Interim Dividend of ₹ 3.25 per equity share. This is equivalent to a payout of 2.82% of the share price, based on the closing price of ₹ 115.15 on January 27, 2023. The Ex-date for dividend is February 9, 2023, and the record date for the payment of dividends is February 9, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

SEBI guidelines state that companies whose dividends are more than 2% of the closing price on the day before the date of declaration of dividends must adjust the dividends in the futures and options market. In line with these guidelines, RECLTD dividends will be adjusted in the futures and options market as well as in the cash market.

Dividend Adjustment of RECLTD in the Cash Market

In the cash market, the last cum-dividend date for RECLTD is February 8, 2023. Investors who purchase RECLTD shares on or before this date will receive the dividends directly in their bank accounts.

Dividend Adjustment of RECLTD the Futures Segment

In the futures market, the value of the RECLTD futures contract will be adjusted by deducting the dividend amount from the closing price on February 8, 2023. For example, if RECLTD closes at ₹ 116.25 on February 8, 2023, the value of a future contract will be ₹ 116.25 x 8000 = ₹ 9,30,000. On February 9, 2023, the value of the same contract will be ₹ 113 x 8000 = ₹ 9,04,000. The difference between these two values will be credited to the future buyer’s account and debited from the future seller’s account.

Dividend Adjustment of RECLTD in the Options Market

In the options market, the dividend amount will be deducted from the strike price (call/put) of the option for ongoing month’s contracts. This applies to the contracts expiring on February 23, 2023, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

Dividend Adjustment of RECLTD

If you have any other query related to the dividend adjustment of RECLTD then you can ask us by commenting below and get your doubt cleared. If you found this information beneficial then share it.

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Get all the details on the Dividend Adjustment of NTPC, including the date of ex-dividend, record date, cash, and F&O adjustments, and more. Learn how NTPC’s dividends will be adjusted in line with SEBI guidelines.

On January 27, and January 28, 2023, Maharatna company NTPC LIMITED (NTPC) India’s largest energy conglomerate announced that its Board of Directors has approved an Interim Dividend of ₹ 4.25 per equity share. This is equivalent to a payout of 2.56% of the share price, based on the closing price of ₹ 166.30 on January 27, 2023. The Ex-date for dividend is February 4, 2023, and the record date for the payment of dividends is February 4, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

SEBI guidelines state that companies whose dividends are more than 2% of the closing price on the day before the date of declaration of dividends must adjust the dividends in the futures and options market. In line with these guidelines, NTPC dividends will be adjusted in the futures and options market as well as in the cash market.

Dividend Adjustment of NTPC in the Cash Market

In the cash market, the last cum-dividend date for NTPC is February 3, 2023. Investors who purchase NTPC shares on or before this date will receive the dividends directly in their bank accounts.

Dividend Adjustment of NTPC the Futures Segment

In the futures market, the value of the NTPC futures contract will be adjusted by deducting the dividend amount from the closing price on February 3, 2023. For example, if NTPC closes at ₹ 169.25 on February 3, 2023, the value of a future contract will be ₹ 169.25 x 5700 = ₹ 9,64,725. On February 4, 2023, the value of the same contract will be ₹ 165 x 5700 = ₹ 9,40,500. The difference between these two values will be credited to the future buyer’s account and debited from the future seller’s account.

Dividend Adjustment of NTPC in the Options Market

In the options market, the dividend amount will be deducted from the strike price (call/put) of the option for ongoing months contracts. This applies to the contracts expiring on February 23, 2023, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

Dividend Adjustment of NTPC

If you have any other query related to the dividend adjustment of NTPC then you can ask us by commenting below and get your doubt cleared. If you found this information beneficial then share it.

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Find out all the information about the Dividend Adjustment of VEDL, including ex-dividend date, record date, cash and F&O adjustments, and more. Discover how VEDANTA LIMITED will adjust its dividends according to SEBI regulations.

VEDL announces the 4th Interim Dividend of ₹ 12.50 per share on January 27, 2023. This translates to a yield of 3.83% based on the closing price of ₹ 326.25 on January 25, 2023. The ex-dividend date is set for February 4, 2023, with the record date for dividend payment scheduled for February 4, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in both futures and options markets. In compliance with these rules, VEDL will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of VEDL in the Cash Market

Investors who buy VEDL shares on or prior to February 3, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of VEDL the Futures Segment

In the futures market, VEDL’s futures contracts will be adjusted by subtracting the dividend amount from the February 3, 2023 closing price. For instance, if VEDL closes at ₹ 330 on February 3, 2023, one futures contract would be worth ₹ 330 x 2000 = ₹ 6,60,000. The next day, February 4, 2023, the value of the same contract would be adjusted to ₹ 317.5 x 2000 = ₹ 6,35,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of VEDL in the Options Market

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

VEDL dividend adjustment

For any additional questions regarding the dividend adjustment of VEDL, feel free to ask by leaving a comment. If you found this information useful, please share it with others.

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Learn about the guidelines for net settlement of Equity and FNO (Futures & Options) segment upon the expiry of stock derivatives. Find out the details of the netting of obligations, securities settlement, funds settlement, margin benefit for offsetting positions, and early pay-in of funds/securities.

NSE Clearing Limited (NCL) has issued guidelines via a circular dated January 20, 2023, for the net settlement of the Capital Market segment and Futures & Options (F&O) segment upon the expiry of stock derivatives. This comes in response to SEBI circular SEBI/HO/MRD2_DCAP/P/CIR/2022/165 dated November 30, 2022. The guidelines outline a number of key points for the netting of obligations, securities settlement, funds settlement, margin benefit for offsetting positions, and early pay-in of funds and securities. The above changes shall be effective from March 2023 expiry of F&O contracts.

Key Points for Net Settlement of Equity and FNO

• SEBI has issued guidelines for the net settlement of equity and FNO (Futures & Options) segment upon the expiry of stock derivatives.
•  Obligations in the physical settlement of the F&O segment will be netted with obligations in the Capital Market segment of the corresponding trade date.
• Netting shall happen only if the clearing member-trading member-client (UCC Code) is common across Capital Market and F&O segments for the same security.
• The net sell or buy obligations shall be settled in the Capital Market segment.
• Clearing members in F&O will provide requests for voluntary auction for internal shortages of F&O physical in settlement type, settlement number, and security series applicable in the Capital market.
• Funds settlement will happen from the settlement bank account of the Capital Market segment.
• Clearing members are required to maintain active settlement account in the capital market segment.
• Positions in stocks derivative contracts that are converted to settlement by delivery on expiry in the F&O segment and obligations in the underlying Capital Market segment shall be allowed margin benefit to the extent of offsetting positions.

Also Read: Unlocking Stock Market Secrets for a Successful Investment Journey

Netting of Obligations

SEBI’s net settlement of equity and FNO, says that this is the process of offsetting the obligations in the physical settlement of the F&O segment with the obligations in the Capital Market segment upon expiry. This is done when the clearing member-trading member-client (UCC Code) is common across Capital Market and F&O segments for the same security. This process aims to reduce the overall settlement obligations and increase efficiency in the financial markets.

Same Settlement Calendar for Equity and F&O

The net settlement of equity and FNO guidelines specify that NSE Clearing Ltd. (NCL) will not issue a separate settlement calendar for F&O physical settlement and F&O physical Auction market. Furthermore, clearing members in F&O will provide requests for voluntary auction for internal shortages of F&O physical in settlement type, settlement number, and security series applicable in the Capital market. This process ensures the proper and timely settlement of securities transactions.

Funds Settlement

The net settlement of equity and FNO guidelines state that funds settlement will happen from the settlement bank account of the Capital Market segment. Clearing members are required to maintain active settlement account in the capital market segment. In case of fund shortages, the shortages shall be apportioned on the basis of the segment-wise obligation of clearing member to NCL, on a pro-rata basis. This process ensures the proper and timely settlement of funds obligations.

Margin Benefit for Offsetting Positions

The net settlement of equity and FNO procedure specifies that positions in stocks derivative contracts that are converted to settlement by delivery on expiry in the F&O segment and obligations in the underlying Capital Market segment shall be allowed margin benefit. Margin benefit shall be provided on total margins in the Capital Market segment and on delivery margins in F&O Segment. This will only happen if the offsetting positions in a security at clearing member-trading member-client (UCC) are common across Capital Market and F&O segments. This process helps to reduce the overall margin requirements and increase efficiency in the financial markets.

Early Pay-in of Funds and Securities

On early Pay-in of funds and securities, the net settlement of equity and FNO guidelines tell that members may provide early pay-in of funds from the settlement bank account as mentioned above towards Capital Market segment settlement type only. The benefit of early pay-in shall be provided as per the order:

1.) Early pay-in of funds shall be first considered in the Capital Market segment.

2.) The residual amount of Early pay-in of funds allocated at the client/client-security level.

Clearing Member Obligations and Responsibilities

The net settlement of equity and FNO guidelines specify that clearing members are responsible for providing requests for voluntary auction for internal shortages of F&O physical in settlement type, settlement number, and security series applicable in the Capital market. Also, clearing members are responsible for maintaining active settlement account in the capital market segment and providing manual pay-in instructions for the incremental obligation. This ensures the clearing members’ compliance with the regulations and procedures set by the clearing corporation.

Impact on STT and Stamp Duty

The net settlement of equity and FNO guidelines specify that there shall be no change in the computation of STT and Stamp duty and the same shall continue to be levied for F&O physical and Capital Market separately as per the existing mechanism. This means that the guidelines will have no impact on the calculation of STT and Stamp duty, which will continue to be determined based on the existing regulations and procedures.

Pro-rata Apportionment of Shortages and Losses

The net settlement of equity and FNO rules specify that in case of fund shortages, the shortages shall be apportioned on the basis of the segment-wise obligation of clearing member to NCL, on a pro-rata basis. The losses, if any, in case of default of a clearing member to NCL shall be computed on the basis of the segment-wise obligation of the clearing member to NCL, on a pro-rata basis. This process ensures that the burden of shortages or losses is shared fairly among all the participants.

Do not Exercise Facility

Finally, the net settlement of equity and FNO rules state that the facility of “Do Not Exercise” available for stock options on the expiry day shall be discontinued. That is, the Do Not Exercise Facility allows the traders to not exercise an option. This facility is available for ATM and near ATM options.

Also Read:

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• New OFS Framework
• Dividend Adjustment of TCS 
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• Dividend Adjustment Of NTPC Full Details
• Dividend Adjustment of RECLTD

Stay informed with the latest NSE circular regarding the removal of FSL and TORONTPOWER from the FNO market on March 30, 2023. Learn about the impact on stock prices and settlement of contracts.

Removal of FSL and TORONTPOWER from the FNO

On January 20, 2023, the National Stock Exchange (NSE) vide circular no. NSE/FAOP/55309, has announced its decision to exclude FIRSTSOURCE SOLUTIONS LIMITED (FSL) and TORRENT POWER LIMITED (TORNTPOWER) from the futures and options (F&O) segment. This means that new F&O contracts for these companies will not be issued after March 30, 2023. This decision is based on a review of the framework for stocks in the derivatives segment by the Securities and Exchange Board of India (SEBI).

Last Date in F&O

Investors will be able to trade in F&O for FSL and TORNTPOWER till March 30, 2023. After that, new contracts for FSL and TORNTPOWER will not be issued and these companies will not be a part of the F&O segment. Any contract that remains unsettled on March 30, 2023, will be settled by delivery.

About FSL and TORNTPOWER

FIRSTSOURCE SOLUTIONS LIMITED (FSL) is a business process outsourcing and IT company, which provides services to clients in the banking and financial services, healthcare, telecommunications and media, and insurance sectors. TORRENT POWER LIMITED (TORNTPOWER) is in the business of power generation and distribution, it is an integrated power utility company engaged in the business of generation, transmission, and distribution of power. FSL closed at 102.65 on NSE on January 20, 2023, its 52-week high is 171.45 and its low is 93. TORNTPOWER closed at 460 and its 52-week high is 610 and its low is 415.25.

Impact of Removal from F&O

There may have an impact of the removal of FSL and TORONTPOWER from the FNO on investors, it is important to note that FSL and TORNTPOWER will continue to trade in the equity segment and their underlying business performance will continue to drive their stock prices. It is important for investors to consider all available information before making any investment decisions.

Also Read:

• New OFS Framework 
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• Guidelines for Net Settlement of Equity and FNO Segments
• Dividend Adjustment of VEDL Full Details
• Dividend Adjustment Of NTPC Full Details