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). The portion (n/252) is truncated in eight decimal places;

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
7
18.0%
2.25
63
20.0%
2.5
70
Direct
2.5%
0.60
10
18.0%
4.40
85
20.5%
5
95
OTC
Register
N/A
N/A
N/A
30.0%
5.00
120
30.0%
5
120
Compulsory
4.0%
2
25
36.0%
18.00
225
40.0%
20
250

 

Fixed Income ETF
Total
Trade
símbolo alfa
Floor
(bps/ano)
Cap
(bps/ano)
OTC
30%
5
150
Compulsory
40%
20
250