Securities Lending Fees | B3

The lending trading and post trading fees are calculated as follows:

btb_formula_novo.png

Where:

LF = settlement fee in BRL;

Q = number of contracts;

C = registered contract quotation;

n = number of business days between the registration date(excluded) and the settlement by multilateral net balance date (included).In case of renewal the period is between the registration date (excluded) and the renewal date (included);

i = settlement fee value, in bps/year, calculated as follows:;

lending.PNG

Where:

alfa_BTB.PNG= cost percentage, as table below;

Lending Fee = fee negotiated between lender and borrower;

Floor = minimum fee in bps/year;

Cap = maximum fee in bps/year.

 
Equity Security
Trade
Post Trade
Total
Market
Trade
alfa_BTB.PNG
Floor
(bps/ano)
Cap
(bps/ano)
alfa_BTB.PNG
Floor
(bps/ano)
Cap
(bps/ano)
alfa_BTB.PNG
Floor
(bps/ano)
Cap
(bps/ano)
Electronic Trade
Regular
2.0%
0.25
10
18.0%
2.25
90
20.0%
2.5
100
Direct
2.5%
0.60
15
18.0%
4.40
110
20.5%
5
125
OTC
Register
N/A
N/A
N/A
30.0%
5.00
150
30.0%
5
150
Compulsory
4.0%
2
25
36.0%
18.00
225
40.0%
20
250