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