|Base contracts for the average||
Unit Cost = the cost calculated for the exchange fee or the variable registration fee for one contract;
= average cost calculated for the exchange fee or the variable registration fee, based on the ADV and the tables below, on a progressive way.
|ADV||Exchange fee (BRL)||Registration fee|
|From||To||Variable component (BRL)||Fixed component (BRL)|
|More than 100||1.26||1.20||0.1166181|
Structured operations are charged per leg.
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.
|Contract||Reduction factor (λ)||Value per day (p)|
|Hydrous ethanol||1.00||BRL 0.02770|
This fee is not charged for options.
For the hydrous ethanol contracts, a settlement fee of BRL 3.12 will be charged per contract at the settlement.
Exercise of options on hydrous ethanol futures contracts will be charged as a hydrous ethanol futures contract.