Home
E-Mail

E F P Financial Glossary

What is it? EFP is an acronym for Exchange for Physicals. The EFP price is the margin spread at which the owner of a futures position can exchange futures contracts for physical securities. eg. an investor could exchange 3Yr bond futures for 4Yr bonds at 20 bps.

Finance Term Definition Added By: Sarah

The E F P definition has been viewed 10523 Time(s)!




Send To Friends!

If you'd like to send the E F P definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -


We hope you now understand the meaning of E F P. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term R85 is

Financial Term Leasehold is If you buy a property that is leasehold it means that you own the property but not the land the property is on.

Financial Term Home ownership is The state of living in a structure that one owns.

Financial Term warrant is (1) An order drawn by a payor directing its treasurer to pay a specified amount to the person named or to the bearer. It may be payable upon demand, in which case it usually circulates in the same way as a bank check; or it may be payable only out of certain revenue when and if received, in which case it does not circulate as freely.(2) A financial instrument that gives the holder the right, but not the obligation, to purchase a specified amount of an asset at a specified price during a specified period of time. A warrant may give its holder the right to buy shares of stock, bonds, currencies, or commodities. The major difference between warrants and options is that prices for warrants are usually published with lists of the prices for the underlying assets.

Financial Term Forecast elements excluded from the consensus is The appearance of any suffix against a given forecast denotes exclusion from the consensus. The following suffix codes explain why the forecast is excluded B - Warning, i.e. the companys recent announcement of a profit warning has overtaken the forecast, and a revised forecast is awaited. S - Structural change in the company, such as a merger or de-consolidation, renders the forecast obsolete. A - Age - the forecast is old and is overtaken by events, for example it is out of line with a subsequent interim announcement. R - Results actually achieved have overtaken the forecast. This most often appears when preliminary results are announced after the date of the forecast, and the actual result for the period is materially different from what is expected. When this difference is more than 5%, the forecast is excluded from the consensus. If the EPS forecast is within 5% of the actual result, but the dividend forecast is not, then the dividend forecast alone is excluded. D - Different basis. B- Broker is disqualified temporarily from issuing a new forecast by reason of currently acting for the company in a transaction, e.g. a rights issue, or an acquisition.