Base contracts for the average
  • Cash-Settled Corn Futures Contract (CCM)
  • Cash-Settled Corn Rollover (MR1)
Applicable contracts
  • Cash Settled Corn Futures Contract (CCM)
  • Corn Price Basis Futures (COP, CRV, CTM)
  • Call and Put Options on Cash-Settled Corn Futures Contract
  • Cash-Settled Corn Rollover (MR1)

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)
1 250 0.27 0.33 0.1166181
251 500 0.23 0.27 0.1166181
501 1,000 0.16 0.17 0.1166181
1,001 2,500 0.08 0.09 0.1166181
2,501 5,000 0.07 0.07 0.1166181
More than 5,000 0.04 0.05 0.1166181

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: 50% of the unit cost calculated for the exchange fee and the variable registration fee;
  • Daytrade:
    • Futures: 50% of the unit cost calculated for the exchange fee and the variable registration fee of the futures;
    • Options: 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)
Corn 1.00 BRL 0.00230

This fee is not charged for options.

Settlement fee

For the corn contracts, a settlement fee of BRL 0.52 will be charged per contract at the settlement. For the corn price basis, the settlement fee charged will be 0.045% over the settlement notional.

Options exercise

Exercise of options on corn futures contracts will be charged as a corn futures contract.