Base contracts for the average
  • IPCA Futures Contract (IAP)
Applicable contracts
  • IPCA Futures Contract (IAP)

Specific unit cost calculation

form_unit_cost_PMI.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;

M = contract multiplier, holding the value of BRL 25.00;

I = inflation index number (IPCA) released for the month prior to the calculation.

Exchange fee and registration fee – fixed and variable components

ADV Exchange fee (pts) Registration fee
From To Variable component (pts) Fixed component (BRL)
1 10 0.0000024 0.0000026 0.1166181
11 50 0.0000023 0.0000024 0.1166181
51 130 0.0000022 0.0000023 0.1166181
131 150 0.0000021 0.0000021 0.1166181
151 300 0.0000020 0.0000020 0.1166181
More than 300 0.0000017 0.0000018 0.1166181

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

Contract Reduction factor (λ) Value per day (p)
IPCA 0.90 BRL 0.01280

Settlement fee

For the IPCA contracts, a settlement fee of BRL 1.15 will be charged per contract at the settlement.