Fees valid as of December 10, 2018

Base Contracts for the Average
  • S&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (ISP)
  • Structured Rollover Transaction for the Cash-Settled S&P 500 Futures Contract to the CME Group S&P 500 Quotation (RSP)
  • MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation
  • Structured Rollover Transaction for the MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation
Applicable Contracts
  • S&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (ISP)
  • Structured Rollover Transaction for the Cash-Settled S&P 500 Futures Contract to the CME Group S&P 500 Quotation (RSP)
  • MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation
  • Structured Rollover Transaction for the MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation
  • Call and Put Options on the S&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation

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 (BRL)
1 10 0.92 2.15 N/A
11 25 0.85 1.99 N/A
26 50 0.78 1.83 N/A
51 100 0.72 1.67 N/A
101 250 0.65 1.51 N/A
250 500 0.58 1.35 N/A
More than 500 0.51 1.19 N/A

Structured operations are charged per leg.

Incentive policies

The incentive policies below affect only the exchange fee and the variable registration fee.

  • Options: 60% of the unit cost calculated for the exchange fee and the variable registration fee;
  • Microcontracts: 10% 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;
    • Microcontracts: 50% of the unit cost calculated for the exchange fee and the variable registration fee;
    • Options: 50% of the unit cost calculated for the exchange fee and the variable registration fee.

Permanence fee

Contract Reduction factor (λ) Value per day (p)
S&P 500 1.00 BRL 0.00000

This fee is not charged for options.

Settlement fee

For the S&P 500 contracts, a settlement fee of USD 1.48 will be charged per contract at the settlement. For microcontracts, a settlement fee os USD0.07 will be charged per contract at the settlement.

Options exercise

Exercise of options on S&P 500 futures contracts will be charged as a S&P 500 futures contract.