The current program, authorizing EFR transactions on canola, flaxseed, canola meal, feed wheat and western barley futures contracts was introduced January 1, 2003 on a six-month trial basis. The primary objective of the EFR program is to provide a wider offering of risk management tools for WCE market participants.
An EFR is a futures market transaction that provides market participants a way to unwind existing over-the-counter (OTC) positions or to initiate new OTC positions. EFR transactions can be conducted at any time from the inception through the expiration of the OTC position. Conceptually, an EFR is similar to an Exchange for Physical (EFP) transaction, except that it involves an exchange of a futures position for an OTC position rather than an exchange for the physical commodity. For more information on WCE products please visit the WCE Website - www.wce.ca.
Winnipeg Commodity Exchange Inc., established in 1887, is Canada's only agricultural futures and options exchange. WCE offers futures contracts on canola, canola meal, flaxseed, domestic feed wheat, and western barley. Options contracts are available on canola, flaxseed, domestic feed wheat, and western barley.
