clearing non-trade transaction

clearing non-trade transaction
Composed of transfers, exchange-for-physicals (EFPs), blocks and give-ups. Transfers, blocks and EFPs are privately negotiated, ex-pit transactions, while give-ups relate to post-trade processing. "Cancels" and "replaces" do not generate clearing non-trade transactions. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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