Base contracts for the average
  • Anhydrous Fuel Ethanol Futures Contract (ETN)
Applicable contracts
  • Anhydrous Fuel Ethanol Futures Contract (ETN)

Specific unit cost calculation

form_calculo_unit_cost.png

Where:

Unit Cost = the cost calculated for the exchange fee or the variable registration fee for one contract;

legenda_P.png = average cost calculated for the exchange fee or the variable registration fee, based on the ADV and the tables below, on a progressive way.

Exchange fee and registration fee – fixed and variable components

ADV Exchange fee (BRL) Registration fee
From To Variable component (BRL) Fixed component (BRL)
1 5 1.67 1.61 0.1166181
6 25 1.59 1.53 0.1166181
26 65 1.50 1.45 0.1166181
66 75 1.42 1.36 0.1166181
76 100 1.33 1.27 0.1166181
More than 100 1.26 1.20 0.1166181

Incentive policies

The incentive policies below affect only the exchange fee and the variable registration fee. The fixed registration fee remains the same as described on the table.

  • Daytrade:
    • Futures: 50% of the unit cost calculated for the exchange fee and the variable registration fee of the futures;

Permanence fee

Contract Reduction factor (λ) Value per day (p)
Anhydrous fuel ethanol 1.00 BRL 0.00277

Settlement fee

For the anhydrous fuel ethanol contracts, the settlement fee charged will be 0.135% over the settlement notional.