Common use of Daily settlement of accounts Clause in Contracts

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked to that day’s settlement price, as determined by BM&F rules and regulations. The corresponding amount shall be cash settled on the following business day. The variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked settled according to that day’s settlement priceprice established on the closing call, as determined by BM&F rules and regulations. The corresponding amount shall be , and cash settled on the following business day, in observance to the provisions of item 19, where applicable. The variation margin daily settlement of accounts shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked settled according to that day’s settlement price, as determined by established in accordance with BM&F rules and regulations. The corresponding amount shall be , and cash settled on the following business day, in observance to the provisions of item 19, where applicable. The variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked to that the day’s settlement price, as determined deter- mined by BM&F BM&FBOVESPA rules and regulations. The corresponding amount proceeds shall be cash settled on the following business day, subject to the provisions set forth in item 19, where applicable. The variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked marked-to-market according to that day’s settlement settle- ment price, as determined by BM&F BM&FBOVESPA rules and regulations. The corresponding amount shall be cash settled on the following business day, in observance of the provisions set forth in item 19, where applicable. The variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked marked-to-market according to that day’s settlement price, as determined by BM&F BM&FBOVESPA rules and regulations. The corresponding amount shall be cash settled on the following business day, in observance of the provisions of item 14, where applicable. The variation margin for open positions shall be calculated up to the business day preceding the day a Delivery Notice has been designated to the buyer, as described in items 11.1 and including the last trading day by 11.2, in accordance with the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked marked-to-market according to that day’s settlement price, as determined by BM&F BM&FBOVESPA rules and regulations. The corresponding amount shall be cash settled on the following business day, in observance of the provisions of item 14, where applicable. The variation Variation margin for open positions shall be calculated up to the business day preceding the day a Delivery Notice has been designated to the buyer, as described in items 11.1 and including the last trading day by 11.2, in accordance with the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked settled according to that the day’s settlement price, as determined by BM&F rules and regulations. The corresponding amount shall be , and cash settled on the following business day. The variation Variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked to that the day’s settlement price, as determined deter- mined by BM&F BM&FBOVESPA rules and regulations. The corresponding amount proceeds shall be cash settled on the following business day, subject to the provisions set forth in item 20, where applicable. The variation margin shall be calculated up to and including the last trading day by the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked marked-to- market according to that day’s settlement price, as determined set forth by BM&F rules B3, and regulations. The the corresponding amount shall be cash settled on the following business day. The variation Variation margin for open positions shall be calculated up to and including the last trading business day by preceding the day a Delivery Notice has been designated to the buyer, in accordance with the following formulas:

Daily settlement of accounts. (variation margin) The positions outstanding at the end of each session shall be marked marked-to-market according to that day’s settlement price, as determined by BM&F rules and regulations. The corresponding amount shall be cash settled on the following business day. The variation margin shall be calculated up to and including the last trading day expiration date by the following formulas: