Dollar |
Underlying asset |
US Dollar |
Trading hours |
10:00 am to 3:00 pm / Second trading session: 5 minutes |
Contract size |
U$S 100.000.- |
Minimum trading unit |
1 contract |
|
1 contract |
Quotation |
Pesos per dollar to 4 decimal places |
Minimum price fluctuation |
0.0005 |
Tick value |
$ 50.- (100.000 x 0.0005) |
Closing price determination |
Art. 13.2 of the Operational Regulation and amendments. The minimum amount to determine closing price is 5 contracts (U$S 500,000.-) |
Final settlement (fixing) |
At the choice of both partes (prior to execution)
- Dollar Com. “A” 3500, or whichever replaces it
- Dollar EMTA
|
Daily MTM calculation |
First day:
MTM (t) = MO x [PN – PC (t)]
Following days:
MTM (t) = MO x [PC(t-1) – PC (t)]
Where
MO: Number of contracts x Contract size
PN: strike price
PC (t): closing price corresponding to day "t" reported by MAE for OCT Trades
PC (t-1) : closing price corresponding to day "t-1" reported by MAE for OCT Trades |
Final Settlement Price Calculation |
Fixing = MO x [PC(t-1) – PF]
Donde
MO: Number of contracts x Contract size
PC (t-1) : closing price corresponding to day "t-1" reported by MAE for OCT Trades
PF: Fixing price |
Trade valuation |
CC x VC x PN
Where
CC: Number of contracts
VC: Contract size
PN: Traded price |
Impact on credit lines
(set in dollars) |
Valuation x (PA /100) / PN
Where
Valuation: see previous
PA: Utilization percentage
PN: Traded price |
Impact on credit lines
(set in pesos) |
Valuation x (PA /100)
Where
Valuation: see previous
PA: Utilization percentage |
Impact on guarantees |
Valuation x PG
Where
Valuation: see above
PG: Guarantees percentage |