Base contracts for the average
  • 4/5 Arabica Coffee Futures Contract (ICF)
  • 4/5 Arabica Coffee Rollover (CR1)
  • 6/7 Arabica Coffee Futures Contract (KFE)
  • 6/7 Arabica Coffee Rollover (KR1)
Applicable contracts
  • 4/5 Arabica Coffee Futures Contract (ICF)
  • Call and Put Options on 4/5 Arabica Coffee Futures Contract
  • 4/5 Arabica Coffee Rollover (CR1)
  • 6/7 Arabica Coffee Futures Contract (KFE)
  • Call and Put Options on 6/7 Arabica Coffee Futures Contract
  • 6/7 Arabica Coffee Rollover (KR1)

Specific unit cost calculation

form_calculo_unit_cost_dolar.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;

Dollar = the offered PTAX foreign exchange rate on the last day of the month prior to that of the transaction.

Exchange fee and registration fee – fixed and variable components

ADV Exchange fee (USD) Registration fee
From To Variable component (USD) Fixed component (USD)
1 5 0.41 0.31 0.0319502
6 10 0.39 0.29 0.0319502
11 20 0.37 0.27 0.0319502
21 100 0.35 0.26 0.0319502
101 200 0.33 0.24 0.0319502
More than 200 0.28 0.22 0.0319502

Structured operations are charged per leg.

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.

  • Options:
    • 4/5 Arabica Coffee: 30% of the unit cost calculated for the exchange fee and the variable registration fee;
    • 6/7 Arabica Coffee: 50% of the unit cost calculated for the exchange fee and the variable registration fee;
  • Daytrade:
    • Futures (4/5 and 6/7 Arabica Coffee): 30% of the unit cost calculated for the exchange fee and the variable registration fee of the futures;
    • Options on 4/5 Arabica Coffee: 30% of the unit cost calculated for the exchange fee and the variable registration fee of the option;
    • Options on 6/7 Arabica Coffee: 50% of the unit cost calculated for the exchange fee and the variable registration fee of the option.

Permanence fee

Contract Reduction factor (λ) Value per day (p)
Arabica coffee 1.00 USD 0.0055532

This fee is not charged for options.

Settlement fee

For the arabica coffee contracts, the settlement fee charged will be 0.045% over the settlement notional.

Options exercise

Exercise of options on arabica coffee futures contracts will be charged as an arabica coffee futures contract.