Exchange of Futures for Swaps

This Issue in United States

Concept of Exchange of Futures for Swaps (EFS) in Futures Trading

In this context of financial law, the following is a definition of Exchange of Futures for Swaps (EFS): 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.