Exchange of futures for physicals
In finance, an exchange of futures for physicals (EFP) is a transaction between two parties in which a futures contract on a commodity is exchanged for the actual physical good. This transaction involves a privately negotiated exchange of a futures position for a corresponding position in the underlying physical. An EFP is similar to an EFS, except that it involves a physical contract rather than a cash swap contract. An EFP gives the market participants the ability to manage risk.
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- "Exchange for Physicals (EFP)" (PDF). Risk Limited. Cite has empty unknown parameter:
- "EFP, EFR and EOO Trades". CME Group. Cite has empty unknown parameter:
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