Base contracts for the average
  • ID x US Dollar Spread Futures Contract (DDI)
  • Forward Rate Agreement on DI x US Dollar spread (FRC)
Applicable contracts
  • ID x US Dollar Spread Futures Contract (DDI)
  • Forward Rate Agreement on ID x US Dollar spread (FRC)
  • ID x US Dollar Swap with Reset (SCC)

Specific unit cost calculation

form_unit_cost_individually.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;

Term = term of the operation, limited to a minimum of 30 and maximum of 270 days. For the FRC, the term of the operation is given by the difference between the term of the longer and shorter legs of the contract;

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 Registration fee
From To Variable component Fixed component (USD)*
1 100 0.0016816 0.0015925 0.0319502
101 1,000 0.0015135 0.0014332 0.0319502
1,001 1,400 0.0014574 0.0013801 0.0319502
1,401 3,400 0.0013453 0.0012739 0.0319502
3,401 14,850 0.0012892 0.0012209 0.0319502
More than 14,850 0.0011771 0.0011147 0.0319502

*This fee is not charged for DI x US Dollar spread futures contracts which term is less than 90 days.

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.

SCS Auctions

For the auctions transactions with the ID x US Dollar Swap with Reset  (SCC), the exchange fee will be USD 1.00 and the registration fee will be USD 0.0319502.

Permanence fee

Contract Reduction factor (λ) Value per day (p)
DI1 x Dollar spread 0.84 USD 0.00096

Settlement fee

For the DI x US Dollar spread contracts a settlement fee of USD 0.11 will be charged per contract at the setllement.