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    B3SA3   BRB3SAACNOR6

B3 S.A. - BRASIL, BOLSA, BALCÃO

(B3SA3)
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B3 S A Brasil Bolsa Balcão : 10/14/21124-2021-PRE-Circular LetterLaunch of Cash-Settled FOB Santos (Platts) Soybean Futures Contract, Options and Rollover

10/14/2021 | 06:42pm EST

October 14, 2021 124/2021-PRE

C I R C U L A R L E T T E R

To: Listed B3 Participants

Re: Launch of Cash-Settled FOB Santos (Platts) Soybean Futures Contract, Options and Rollover

The Cash-Settled FOB Santos Soybean Futures Contract based on the S&P Global Platts SOYBEX® Price Assessment,1 Call and Put Options on FOB Santos Soybean Futures (SOY) and the FOB Santos Soybean Futures Rollover (SO1) will be available for trading from November 29, 2021 (inclusive).

1. Contract specifications

The contract specifications for the FOB Santos (Platts) Soybean Futures Contract, its Options and Rollover are set out in Annexes I, II and III to this Circular Letter, and are available at www.b3.com.br/en_us, Products and Services, Trading, Commodities, Soybean, Cash-Settled FOB Santos (Platts) Soybean Futures Contract.

2. Fee policy

No fees will be charged during the first 12 months of trading in FOB Santos (Platts) Soybean Futures, Options and Rollovers. In due course, B3 will publish the fee policy that will take effect on November 30, 2022.

This Circular Letter produces effects as of the date of its publication. Any specified time limits for validity shall apply.

1

This free translation is not legally binding. Any questions arising from the text should be clarified by consulting the original in

Portuguese. In the event of any discrepancy, the original in Portuguese shall prevail.

INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION

124/2021-PRE

3. Parameters for calculating position limits

The parameters for calculating position limits for these instruments will be available from November 12, 2021 at www.b3.com.br/en_us, Products and Services, Clearing and settlement, Clearing, Risk management, Position limit query, Limit rules.

4. Parameters for calculating margin requirements

The parameters for calculating margin requirements will be available from November 29, 2021 at www.b3.com.br/en_us, Products and Services, Clearing and settlement, Clearing, Risk management, Risk model, Risk parameters.

5. Pricing

The pricing methodology for this futures contract will be available from November 1, 2021 at www.b3.com.br/en_us, Market Data and Indices, Data services, Market data, Reports, Derivatives, Methodology, B3 Pricing Manual.

6. Cash settlement based on Platts Assessment

Settlement of positions carried to contract expiration will be based on the average SOYBEX® FOB Santos S&P Global Platts Assessment, as detailed in Annex I to this Circular Letter.

The SOYBEX® FOB Santos price assessment methodology can be found at www.spglobal.com/platts/en, Methodology, Methodology & Specifications, Agriculture, Specifications Guide Global Grains and Oilseeds.

This Circular Letter produces effects as of the date of its publication. Any specified time limits for validity shall apply.

2

This free translation is not legally binding. Any questions arising from the text should be clarified by consulting the original in

Portuguese. In the event of any discrepancy, the original in Portuguese shall prevail.

INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION

124/2021-PRE

7. Trading hours

Trading hours are available at www.b3.com.br/en_us, Solutions, Platforms, PUMA Trading System, Participants and traders, Trading hours, Derivatives.

8. Trading tunnels

Tables with the parameters used to calculate rejection and auction tunnels are available at www.b3.com.br/en_us, Solutions, Platforms, PUMA Trading System, Participants and traders, Rules and trading parameters, Trading tunnel parameters.

The rule requiring an auction for the first trade of the day will apply to Cash- Settled FOB Santos (Platts) Soybean Futures and Rollovers.

Rejection and auction tunnels will be activated after the first trade of the day for these products.

The minimum interval for the parameter applied to the opening of call and put options on Cash-Settled FOB Santos (Platts) Soybean Futures (SOY) will be specified in the forthcoming version of B3's Trading Procedures Manual.

Further clarification can be obtained from the Listed Products Department by calling +55 11 2565-7118 or emailing produtos.commodities@b3.com.br.

Gilson Finkelsztain

José Ribeiro de Andrade

Chief Executive Officer

Chief Product and Client Officer

This Circular Letter produces effects as of the date of its publication. Any specified time limits for validity shall apply.

3

This free translation is not legally binding. Any questions arising from the text should be clarified by consulting the original in

Portuguese. In the event of any discrepancy, the original in Portuguese shall prevail.

INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION

Annex I to Circular Letter 124/2021-PRE

CASH-SETTLED FOB SANTOS (PLATTS) SOYBEAN FUTURES CONTRACT

- Contract specifications -

Underlying

Bulk soybeans, FOB Santos, 60,000 metric tons

Ticker

SOY

Contract size

34 metric tons

Quotation

United States Dollars per metric ton (USD/mt), two

decimal places.

Tick size

USD 0.20/mt

Trading days

All days of the month on which trading sessions take

place.

Contract months

All months.

The sixteenth day of the month prior to the contract

Expiration date

month. If there is no trading session on that day, the

expiration date is the day of the next trading session.

Last trading day

The business day before the expiration date.

Settlement at expiration

Financially settled

This Circular Letter produces effects as of the date of its publication. Any specified time limits for validity shall apply.

1/2

This free translation is not legally binding. Any questions arising from the text should be clarified by consulting the original

in Portuguese. In the event of any discrepancy, the original in Portuguese shall prevail.

124/2021-PRE

The average of all SOYBEX® FOB Santos assessments

Settlement pricepublished by S&P Global Platts during the average settlement price formation period.

Average settlement price

From the sixteenth day of the second month prior to the

formation period

contract month to the fifteenth day of the month prior to the contract month.

This Circular Letter produces effects as of the date of its publication. Any specified time limits for validity shall apply.

This free translation is not legally binding. Any questions arising from the text should be clarified by consulting the original

in Portuguese. In the event of any discrepancy, the original in Portuguese shall prevail.

2/2

INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

B3 SA Brasil Bolsa Balcao published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 22:41:06 UTC.


© Publicnow 2021
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Gilson Finkelsztain Chief Executive Officer
Daniel Sonder Chief Financial & Investor Relations Officer
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