Base contracts for the average
  • FTSE/JSE Top 40 Index Futures Contract (JSE)
  • Hang Seng Index Futures Contract (HSI)
  • MICEX Index Futures Contract (MIX)
Applicable contracts
  • FTSE/JSE Top 40 Index Futures Contract (JSE)
  • Hang Seng Index Futures Contract (HSI)
  • MICEX Index Futures Contract (MIX)

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 10 0.16 0.18 0.0234
11 50 0.15 0.16 0.0234
51 100 0.14 0.15 0.0234
101 190 0.13 0.14 0.0234
191 2,000 0.12 0.13 0.0234
More than 2,000 0.11 0.12 0.0234

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

Contracts Reduction factor (λ) Value per day (p)
BRICs Index 0.36 BRL 0.00300

Settlement fee

For the BRICs contracts, a settlement fee of BRL 0.28 will be charged per contract at the settlement.