Series 3: 1.3.4.4.7. Exchange For Physicals (EFP)

Taken from our Series 3 Online Guide

1.3.4.4.7. Exchange for Physicals (EFP)

Sometimes the holders of a long and short position may participate in the futures market but wish to settle their positions off the exchange. An exchange for physicals (EFP) is a method of delivery on a futures contract in which the long and short agree to delivery terms different from those specified in the contract. It is a negotiated transaction in which the buyer of a commodi

+ Read More

More Series 3 Info

What are people saying?

Create an Account

Since you're reading about Series 3: 1.3.4.4.7. Exchange For Physicals (EFP), you might also be interested in:

Series 65 - Precious Metals

Series 63 - The Securities Exchange Act of 1934

Series 66 - Cumulative Preferred Stock

Series 79 - 11.2.12. Preparing Marketing Documents

Series 82 - Exercise

Series 65 - Exercise

Series 53 - Trust Indenture

Series 65 - Benefits and Risks of Derivatives

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Great service, practice questions and mock exams were the key to passing. (Series 3)

Darragh Lenihan, Global Commodities Holdings Limited. Singapore

I initially studied using a different exam prep course (The Securities Institute of America). I waited until I consistently passed the practice exams with a score over 90% before I took the actual exam and unfortunately I failed the exam on my first attempt. I discovered and purchased the Solomon Exam Prep and immediately noticed the studying material was more in depth. I waited until my practice exam score was consistently over 85% and I went to take the actual exam and passed. Thank you so much!! (Series 3)

Joshua Turner, J.D. Turner Capital, LLC, Baltimore, MD

I would heartily recommend Solomon for anyone studying for the Series 3. The materials are comprehensive, the bank of questions vast and the responsiveness to questions incredibly impressive and detailed. I passed first time and that in no small part is down to Solomon.

David Woolfenden Totem London

Just finished the Series 82 in just over an hour. Got an 86%. Your preparation and support was instrumental!! Thanks SO MUCH!!!

Ariel Shlien, Montreal, Canada

The Solomon Series 66 prep material was very comprehensive and practice quizzes and exams helped a great deal to gauge my likelihood of passing the exam

Florence Isaac Chicago, IL

I just took and passed the Series 51 in one attempt. The Solomon materials were excellent. The Solomon simulated tests were very beneficial and were very similar to the actual 51 test. Thanks to Solomon I was well prepared to succeed. When I was taking the actual 51 exam, I did not encounter any surprises that I was not prepared for. Solomon seems to have it very well covered. My method for success? I read the book chapter by chapter, taking the chapter practice tests along the way. I saved the questions I missed for review later. I then went through the book a second time using the same method. After reviewing the questions I had missed on the smaller exams, I started taking the timed simulation for the test. Again, I reviewed the questions I got wrong, making sure I understood the reason for getting it wrong and what the right answer should be. I did this review of missed questions every time I took the simulated exam. I took the simulated exam five or six times, getting scores in the low 80s. This method prepared me to take the real test which I passed on my first attempt. I highly recommend both Solomon and this study method for taking the 51. Good luck all future test takers!!!!

Jason Smith, Primerica, Duluth, GA