|Base contracts to 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;
Dollar = the offered PTAX foreign exchange rate on the last day of the month prior to that of the transaction.
|ADV||Exchange fee (USD)||Registration fee|
|From||To||Variable component (USD)||Fixed component (USD)|
|More than 400||0.34||0.39||0.0319502|
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)|
|US T Note||1.00||USD 0.0099|
For the sovereign debt contracts a settlement fee of USD 1.20 will be charged per contract at the settlement.