|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;
Term = term of the operation, in reserve days, limited to a maximum of 105 days;
M = contract multiplier holding the value of BRL 0.00025;
I = IPCA number released for the month prior to the calculation.
|ADV||Exchange fee||Registration fee|
|From||To||Variable component||Fixed component (BRL)|
|More than 300||0.0006011||0.0004895||0.1166181|
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)|
|DI1 x IPCA spread||1.00||BRL 0.00930|
For the IPCA x DI1 spread contracts, a settlement fee of BRL 0.01 will be charged per contract at the settlement.