what is exchange of futures for physical efp 
exchange of futures for physical efp is a private agreement between two parties to trade a futures position for the basket of underlying actuals an exchange of futures for physicals can be used to open a futures position close a futures position or switch a futures position for the underlying asset understanding exchange of futures for physical efp exchange of futures for physical efp is one of a few types of privately negotiated agreements that can then be registered with the exchange the volume involved in the transaction is shown in the days trading when the transaction is registered but the price at which the transaction was completed the privately agreed upon price between the parties is not revealed 1