B3 S.A. - BRASIL, BOLSA, BALCÃO April 18, 2023 060/2023-PRE
CIRCULAR LETTER
Listed B3 Participants
Re.: Open Interest Limits per Market - Reallocation of Position Limits among Markets - MRFG3 (MARFRIG ON) and RRRP3 (3R PETROLEUM ON)
We hereby inform you that as of April 19, 2023, the position limits in the markets for listed options, forwards, futures, securities lending (BTB) and flexible equity options with MRFG3 (MARFRIG ON) and RRRP3 (3R PETROLEUM ON) as their underlying asset will be reallocated, with the limits described in the table below into effect.
Current | Current | Limits as of | |||
limits | limits | ||||
April 19, 2023 | |||||
(MRFG3) | (RRRP3) | ||||
Listed options | 35,0% | 35,0% | 30,0% | ||
Securities lending (BTB) | 25,0% | 25,0% | 35,0% | ||
Forwards | 15,0% | 15,0% | 15,0% | ||
Futures | 5,0% | 5,0% | 0,0% | ||
Non-barrier call options | 5,0% | 5,0% | 5,0% | ||
Flexible | |||||
Barrier call options | 5,0% | 5,0% | 5,0% | ||
options | |||||
Non-barrier put options | 5,0% | 5,0% | 5,0% | ||
(OTC) | |||||
Barrier put options | 5,0% | 5,0% | 5,0% | ||
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 not1 been reviewed by B3's 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
060/2023-PRE
If the open position concentration limits described in the previous table are reached, B3 may adopt procedures for regularizing them.
The limits in the markets for listed options, forwards, futures, securities lending (BTB) and flexible equity options with MOVI3 (MOVIDA ON) and SEQL3 (SEQUOIA ON) as their underlying asset referenced in other underlying assets will not be changed, with the limits described in the table below.
Current limits | Current limits | |||
(MOVI3) | (SEQL3) | |||
Listed options | 25,0% | 25,0% | ||
Securities lending (BTB) | 35,0% | 35,0% | ||
Forwards | 15,0% | 15,0% | ||
Futures | 5,0% | 0,0% | ||
Non-barrier call options | 5,0% | 5,0% | ||
Flexible | ||||
Barrier call options | 5,0% | 5,0% | ||
options | ||||
Non-barrier put options | 5,0% | 5,0% | ||
(OTC) | ||||
Barrier put options | 5,0% | 5,0% | ||
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 not2 been reviewed by B3's 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
060/2023-PRE
The limits in the markets for listed options, forwards, futures, securities lending (BTB) and flexible equity options referenced in other underlying assets will not be changed, with the limits described in the table below.
Current limits | |||
Listed options | 35,0% | ||
Securities lending (BTB) | 25,0% | ||
Forwards | 15,0% | ||
Futures | 5,0% | ||
Flexible | Non-barrier call options | 5,0% | |
Barrier call options | 5,0% | ||
options | |||
Non-barrier put options | 5,0% | ||
(OTC) | |||
Barrier put options | 5,0% | ||
As described in the B3 Clearinghouse Risk Management, B3 may change these limits at its sole discretion to meet increased demand in specific markets.
You can consult the position limits at www.b3.com.br/en_us/, Products and Services, Clearing and Settlement, Clearing, Risk management, Limits of open positions, Limit Rules.
This Circular Letter revokes and replaces the position limits disclosed in Circular Letter 025/2023-PRE.
Further information can be obtained from the Risk Management Department by telephone on +55 11 2565-5031.
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 not3 been reviewed by B3's 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
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Disclaimer
B3 SA Brasil Bolsa Balcao published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2023 22:59:04 UTC.
