What is an efp terminal list?

An EFP (Exchange for Physical) terminal list is a list of cleared and tradable futures contracts that can be exchanged for a corresponding physical commodity. They are usually traded on electronic trading platforms and are used by traders and hedgers to convert their futures contracts into physical commodities to fulfill their obligations or to obtain physical commodities to meet their needs.

The EFP terminal list includes a variety of commodities such as agriculture, energy, precious metals, and industrial metals. The list contains the ticker symbols, contract specifications, expiry dates, settlement prices, and delivery locations of each contract.

Traders and hedgers use the EFP terminal list to identify the futures contracts that they can exchange for physical commodities. They can also use the list to compare prices and choose the contracts that offer the best value.

The EFP exchange is an important tool for reducing market risk and increasing price transparency in the futures market. It allows traders and hedgers to convert their futures positions into physical commodities without going through the open market, reducing the risk of price fluctuations and reducing transaction costs.