Exchange of Futures for Swaps (EFS)

What is Exchange of Futures for Swaps (EFS)?

Exchange of Futures for Swaps (EFS) meaning A privately negotiated transaction in which a position in a futures contract is exchanged for a swap position in the same or a related commodity, pursuant to the rules of a futures ~exchange ~~ exchange.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary