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  • Notice To The Market - Discount Policy Adopted by The Derivatives Clearing

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    BM&FBOVESPA S.A. is announcing changes to its discount policy for the Derivatives Clearinghouse. Previously, holders of at least 10,000 shares of BMEF3 stock were entitled to a 25% discount on certain exchange fees. However, as a result of the integration of BM&F S.A. and Bovespa Holding S.A., shares of the new company BM&FBOVESPA S.A. now trade under the ticker BVMF3, so the BMEF3 shares no longer trade. Therefore, the old discount policy no longer applies. BM&FBOVESPA S.A. is studying a new discount and incentive model for large

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    BM&FBOVESPA S.A. is announcing changes to its discount policy for the Derivatives Clearinghouse. Previously, holders of at least 10,000 shares of BMEF3 stock were entitled to a 25% discount on certain exchange fees. However, as a result of the integration of BM&F S.A. and Bovespa Holding S.A., shares of the new company BM&FBOVESPA S.A. now trade under the ticker BVMF3, so the BMEF3 shares no longer trade. Therefore, the old discount policy no longer applies. BM&FBOVESPA S.A. is studying a new discount and incentive model for large

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    8 views1 page

    Notice To The Market - Discount Policy Adopted by The Derivatives Clearing

    Uploaded by

    BVMF_RI
    BM&FBOVESPA S.A. is announcing changes to its discount policy for the Derivatives Clearinghouse. Previously, holders of at least 10,000 shares of BMEF3 stock were entitled to a 25% discount on certain exchange fees. However, as a result of the integration of BM&F S.A. and Bovespa Holding S.A., shares of the new company BM&FBOVESPA S.A. now trade under the ticker BVMF3, so the BMEF3 shares no longer trade. Therefore, the old discount policy no longer applies. BM&FBOVESPA S.A. is studying a new discount and incentive model for large

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    BM&F BOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros Brazilian Federal Taxpayer CNPJ No.09.346.

    601/0001-25 Commercial Registry Enrollment NIRE No.35.300.351.452 Praa Antonio Prado, 48, 7th floor So Paulo, SP, Brazil

    Notice to the Market Discount Policy Derivatives Clearinghouse.

    Formerly, under the Discount Policy adopted by the Derivatives Clearing of BM&F S.A., and as a benefit resulting from the previous conversion of membership interests into shares, holders of minimum lots comprising 10,000 shares traded under ticker symbol BMEF3 were entitled to a 25% discount on exchange fees charged by the Derivatives Clearing on certain transactions and closeouts. Beginning on August 20, 2008, as a result of implementation of the process to integrate BM&F S.A. and Bovespa Holding S.A., the shares of the new company, BM&FBOVESPA S.A., trade under ticker symbol BVMF3, such that BMEF3 shares no longer trade on the stock exchange, and the former discount policy no longer applies. Thus, in a balancing effort directed particularly to large operators which held BMEF3 shares, and in view also of implementation of the DMA (direct market access) model, which coming August 29 starts operating, BM&FBOVESPA S.A. has been studying a new discount and incentive model that takes into account the nature and profile of participants, which model, according to plan, will be disclosed to the market within the next 60 days. So Paulo, August 21th, 2008. Carlos Kawall Leal Ferreira Investor Relations Officer

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