Selic Fee

Base contracts for the average	Futures Contract Referencing the Average Rate for One-Day Repurchase Agreements (OC1)
Applicable contracts	Futures Contract Referencing the Average Rate for One-Day Repurchase Agreements (OC1) Call and Put Options on the Index of the Average Rate of One-Day Repurchase Agreements (ITC)

Specific unit cost calculation

Where:

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;

Term = term of the operation, in reserve days, limited to a minimum of 1 and maximum of 290 days.

Exchange fee and registration fee - fixed and variable components

ADV		Exchange fee	Registration fee
From	To	Exchange fee	Variable component	Fixed component (BRL)
1	100	0.0006732	0.0005482	N/A
101	1,260	0.0006396	0.0005209	N/A
1,261	2,800	0.0005722	0,0004660	N/A
2,801	7,300	0.0005386	0.0004386	N/A
7,301	47,900	0.0005049	0.0004112	N/A
More than 47,900		0.0004376	0.0003563	N/A

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.

Options: 55% of the unit cost calculated for the exchange fee and the variable registration fee;
Daytrade:
- Future: 35% of the unit cost calculated for the exchange fee and the variable registration fee;
- Options: 50% of the unit cost calculated for the exchange fee and the variable registration fee.