The abbreviation of treasury bond futures EFP trading is efp, which means that both parties to the transaction agree to simultaneously buy (sell) the exchange futures contract and sell (buy) the exchange-specified price. Trading of securities or other related contracts.

There are four characteristics of Treasury bond futures EFP trading, namely, futures and spot are reached at the same time, locking the basis; positions can be closed or opened on the futures side; changes in futures positions can be confirmed in real time during the session; futures positions can be confirmed in real time; The end price is not included in the settlement price and is not announced.

The content of this article comes from: China Law Publishing House's "Complete Knowledge of Legal Life Common Sense Series"