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| Exchange of Futures for Physicals (EFP) ： ウィキペディア英語版 |
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.
==References==
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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