exchange-for-physical trade
- exchange-for-physical trade
Exchange-For-Physical (EFP) Trade
An EFP refers to a privately negotiated and simultaneous exchange of a futures position for a corresponding cash position ( i.e., a basis trade) apart from the public auction market in the context of a non-interest rate contract. An EFP may be executed on or off the Exchange trading floor. These trades are also referred to as "Transfers of cash for futures". " Cash for Futures", or "vs. cash" transactions These trades are governed by Rule 538, TRANSFER OF SPOT FOR FUTURES or Rule 719, TRANSFER OF CASH FOR FUTURES AFTER TERMINATION OF CONTRACT. Chicago Mercantile Exchange Glossary
Financial and business terms.
2012.
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EBF trade — Exchange Basis Facility ( EBF) Trade An Exchange for Physical (EFP) trade transacted in the context of interest rate contracts (see definition of Exchange for Physical). Chicago Mercantile Exchange Glossary … Financial and business terms
EFP trade — Exchange For Physical (EFP) Trade An EFP refers to a privately negotiated and simultaneous exchange of a futures position for a corresponding cash position ( i.e., a basis trade) apart from the public auction market in the context of a non… … Financial and business terms
exchange — ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for another which … The Collaborative International Dictionary of English
