EFS
Definition
Exchange Futures for Swaps
EFS means Exchange Futures for Swaps. A privately negotiated transaction in which a position in a physical delivery futures contract is exchanged for a cash-settled swap position in the same or a related commodity…
A privately negotiated transaction in which a position in a physical delivery futures contract is exchanged for a cash-settled swap position in the same or a related commodity, pursuant to the rules of a futures exchange.
✓ Verified term