B3 S A Brasil Bolsa Balcão : 3/30/23 038-2023-PRE-Circular Letter Revocation not in force Circular Letters regarding rules for calculation and publication of daily variation margin for Ibovespa Futures Contract
March 31, 2023 at 02:19 pm
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March 30, 2023 038/2023-PRE
CIRCULAR LETTER
Listed B3 Participants E
Re: Revocation not in force Circular Letters regarding rules for calculation and publication of daily variation margin for Ibovespa Futures Contract
In order to improve and simplify the way in which it publishes guidance and rules for the market, B3 hereby revokes the following expired Circular Letters regarding the rules for calculation and publication of the daily variation margin for the Ibovespa Futures Contract.
It is important to note that these revocations will have no impact on Listed B3 participants.
078-88-SGR,dated August 12, 1988 - Preço de Ajuste do Futuro de Ibovespa (Daily variation margin for Ibovespa Futures)
087-94-SGR,dated May 13, 1994 - Alteração do Critério de Determinação do Preço de Ajuste do Mercado Futuro de Índice (Change to Criterion for Determining Variation Margins in Index Futures Market)
011-97-SGR,dated January 27, 1997 - Alteração do Preço de Liquidação do Contrato Futuro de Ibovespa (Change to Settlement Price for Ibovespa Futures Contract)
This document produces effects as of the date of its publication. Any specified time limits for validity shall apply.
This free translation into English from the original version in Portuguese is available for information purposes only, has not been reviewed by B3's 1 legal counsel, and is therefore not legally binding. Any questions arising from this free translation should be clarified by consulting the original
version in Portuguese. In the event of any discrepancy between this free translation and the original version in Portuguese, the original version in
Portuguese shall prevail.
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
038/2023-PRE
The rules currently in effect for calculating and publishing variation margins for
the Ibovespa Futures Contract (IND) are set out in B3's Pricing Manual (Futuros,
Seção 3 Renda Variável, 3.1.1, 3.1.2, 3.1.3, 3.1.4) athttps://www.b3.com.br/en_us/market-data-and-indices/data-services/market-data/reports/derivatives-market/methodology/b3-pricing-manual.
Additional information on the settlement price of IND can be found at www.b3.com.br/en_us, Products and Services, Trading, Equities, Bovespa Index, Futures, Ibovespa Futures, Ibovespa Futures Contract (2. Daily variation margin).
Further clarification can be obtained from Reference Prices and Fees by calling +55 11 2565-5033 or emailing gptr-pricing@b3.com.br.
Gilson Finkelsztain
Mario Palhares
Chief Executive Officer
Chief Operating Officer - Electronic
Trading and CCP
This document produces effects as of the date of its publication. Any specified time limits for validity shall apply.
This free translation into English from the original version in Portuguese is available for information purposes only, has not been reviewed by B3's 2 legal counsel, and is therefore not legally binding. Any questions arising from this free translation should be clarified by consulting the original
version in Portuguese. In the event of any discrepancy between this free translation and the original version in Portuguese, the original version in
B3 SA Brasil Bolsa Balcao published this content on 30 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 13:18:05 UTC.
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
B3 S A Brasil Bolsa Balcão : 3/30/23 038-2023-PRE-Circular Letter Revocation not in force Circular Letters regarding rules for calculation and publication of daily variation margin for Ibovespa Futures Contract
B3 S.A. - BRASIL, BOLSA, BALCÃO 
