EFS

[babu]

what is EFS(exchange future for swap)? how it is done

 

[David Harper CFA FRM]

babu,

I am not familiar with EFS but I found: http://www.nymex.com/ng_fut_efs.aspx
looks like counterparties can "trade in" a commodity futures for a commodity swap...that's my 10-second inference....

David