Base contracts for the average
  • Cash-Settled Hydrous Ethanol Futures Contract (ETH)
  • Cash-Settled Hydrous Ethanol Rollover (ET1)
Applicable contracts
  • Cash-Settled Hydrous Ethanol Futures Contract (ETH)
  • Cash-Settled Hydrous Ethanol Rollover (ET1)
  • Call and Put Options on Cash-Settled Hydrous Ethanol Futures Contract

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

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: 30% of the unit cost calculated for the exchange fee and the variable registration fee;
  • Daytrade:
    • Futures: 30% of the unit cost calculated for the exchange fee and the variable registration fee of the futures;
    • Options: 30% 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)
Hydrous ethanol 1.00 BRL 0.02770

This fee is not charged for options.

Settlement fee

For the hydrous ethanol contracts, a settlement fee of BRL 3.12 will be charged per contract at the settlement.

Options exercise

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