|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;
M = contract multiplier, holding the value of BRL 25.00;
I = inflation index number (IPCA) released for the month prior to the calculation.
|ADV||Exchange fee (pts)||Registration fee|
|From||To||Variable component (pts)||Fixed component (BRL)|
|More than 300||0.0000017||0.0000018||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)|
For the IPCA contracts, a settlement fee of BRL 1.15 will be charged per contract at the settlement.