Revised Trading and Settlement Schedule for Deliverable Future Contracts (DFC) Due to Book Closure

PSX Notice Summary:

In light of the recent announcement regarding the book closure date for JS Global Banking Sector ETF (JSGBETF), the Pakistan Stock Exchange (PSX) is updating the trading and settlement schedules for the Deliverable Future Contracts (DFC) related to this ETF. The revised schedule affects DFCs for August 2024, September 2024, and October 2024.

Affected Contracts and New Schedule:

1. DFC-AUG-2024:
   • Contract Opened on: June 3, 2024 (Monday)
   • Closing of Contract: August 22, 2024 (Thursday) [Revised]
   • Settlement Date: August 26, 2024 (Monday)
2. DFC-SEP-2024:
   • Contract Opened on: July 1, 2024 (Monday)
   • Closing of Contract: August 22, 2024 (Thursday)
   • Settlement Date: August 26, 2024 (Monday)
3. DFC-OCT-2024:
   • Contract Opened on: July 29, 2024 (Monday)
   • Closing of Contract: August 22, 2024 (Thursday)
   • Settlement Date: August 26, 2024 (Monday)

   Note: Due to the book closure date, the last trading day for JSGBETF-AUG is moved from August 30, 2024, to August 22, 2024.

Trading and Settlement Schedule without Entitlement of Benefit:

1. SEPB (September 2024):
   • Opening of Contract: August 20, 2024 (Tuesday)
   • Closing of Contract: September 27, 2024 (Friday)
   • Settlement Date: October 1, 2024 (Tuesday)
2. OCTB (October 2024):
   • Opening of Contract: August 20, 2024 (Tuesday)
   • Closing of Contract: October 25, 2024 (Friday)
   • Settlement Date: October 29, 2024 (Tuesday)

Important Notes:

A. Adjustment of Dates: PSX reserves the right to alter, vary, or extend/reduce the contract dates as necessary.

B. Ex-Benefit Trading: Trades occurring in SEPB and OCTB contracts will not be eligible for benefit payments and will be conducted on an ex-benefit basis.

C. Rollover Period: The rollover period for the security will span 3 trading days, from August 20, 2024, to August 22, 2024.

This revised schedule ensures alignment with the company’s book closure dates and facilitates accurate trading and settlement processes. For further updates or changes, market participants should regularly check PSX announcements.

Key Notes

1. Adjustment Due to Book Closure: The trading and settlement schedules for DFCs related to JS Global Banking Sector ETF (JSGBETF) have been revised due to the company’s book closure announcement.
2. Revised Dates:
   • DFC-AUG-2024: Last trading day adjusted to August 22, 2024; settlement on August 26, 2024.
   • DFC-SEP-2024: Trading closes on August 22, 2024; settlement on August 26, 2024.
   • DFC-OCT-2024: Trading closes on August 22, 2024; settlement on August 26, 2024.
3. Ex-Benefit Contracts:
   • SEPB (September 2024): Trading from August 20, 2024; closes on September 27, 2024; settlement on October 1, 2024.
   • OCTB (October 2024): Trading from August 20, 2024; closes on October 25, 2024; settlement on October 29, 2024.
4. Rollover Period: 3 trading days from August 20, 2024, to August 22, 2024.
5. PSX’s Right to Alter Dates: The Pakistan Stock Exchange reserves the right to modify these dates if necessary.
6. Trading on Ex-Benefit Basis: SEPB and OCTB contracts will be traded on an ex-benefit basis, meaning they are not eligible for the benefit payment related to the ETF.