Settlement by price index. The positions outstanding at the end of the last trading day shall be settled by BM&FBOVESPA on the last trading day through the registration of an offsetting transaction (buy or sell) by the price calculated, for the same number of contracts, in accordance with the following formula: d ∑ IHIDRATADOt PO = t=(d-4)
Settlement by price index. The positions outstanding at the end of the last trading day shall be settled by BM&FBOVESPA on the last trading day through the registration of an offsetting transaction (buy or sell) by the price calculated, for the same number of contracts, in accordance with the following formula: d ∑ ICORNt Where: POi = t=(d−2) 3 POi = the traded price relating to the settlement by price index, expressed in BRL per bag; ICORNt = the BM&FBOVESPA Cash Corn Price Index for the Campinas region, expressed in BRL per bag, calculated by a renowned institution specialized in price collections, as defined in Circular Letters. The methodology is available on the Exchange Website;
Settlement by price index. On the last trading day, the open positions that do not meet the conditions necessary for physical delivery, as described in item 12.2, shall be settled by BM&F on the last trading day, by means of the registration of an offsetting transaction (long or short) on the same number of contracts at the price calculated by the following formula: d ∑ IBZt Where: POi = t=(d− 4) × 33 (3) 5 POi = the trading price relating to the settlement by price index, expressed in Reals per animal; IBZt = the ESALQ/BM&F Feeder Cattle Cash Price Index verified on the last trading day, calculated in Reals per animal by the Escola Superior de Agricultura Xxxx xx Xxxxxxx (ESALQ) and published in the Exchange’s Daily Bulletin; d–4 = the fourth business day preceding the last trading day; d = the last trading day. The values corresponding to the settlement of a position by the price index shall be cash settled on the business day subsequent to the last trading day, in observance to the provisions of item 17, where applicable.
Settlement by price index. Positions outstanding after the end of the last Trading Session Day during the term of the contract will be cash-settled by B3 on the Business Day on the expiration date, by means of opposite transactions (long or short) with the ∑ same quantity of contracts, at the price calculated according to the following formula: 𝑃𝑂 = 𝑑 𝑡=(𝑑−2) 𝐼𝑀𝐼𝐿𝐻𝑂𝑡 𝑖 3 Where: 𝑃𝑂𝑖 = traded price for the settlement transaction by price index, expressed in Reals per bag 𝐼𝑀𝐼𝐿𝐻𝑂𝑡 = Corn Price Indicator B3 for the Campinas (SP) region, expressed in Real per bag, determined by a renowned pricing institution, defined in Circular Letter, and published on the B3 website 𝑑 − 2 = second Business Day before the last Trading Session Day 𝑑 = contract expiration date and last Trading Session Day. The amounts related to the settlement of positions by price index are cash- settled on the Business Day after the last Trading Session Day, subject to the provisions of clause 6 below, where applicable.
