Underlying | Interest rate obtained from the calculation of the difference between the compounded DI rate, in the period between the date of transaction, including, and the expiration date, excluding, and the IPCA variation verified in the period as of the transaction date until and including the expiration date. |
Ticker | DAP |
Contract size | Unit price (PU) multiplied by the Brazilian Reals value of each point, with the value of each point being BRL0.00025, multiplied by the pro rata value of the IPCA. |
Quotation | Exponential Interest rates, expressed in per annum (based on 252 business days), to three decimal places. |
Tick size | 0.01%. |
Round-lot | 1 contract. |
Last trading day | Last trading day preceding the expiration date. |
Expiration date | 15th calendar day of the contract month. If this day is not a trading day, the expiration date will be on the following trading day. |
Contract months | All months. |
Settlement on expiration | Cash settlement. |
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