Erasmus Programme replaced by the Lifelong Learning Programme 2007–2013 on 1 January 2007. The programme is named after the Dutch philosopher, theologian, Renaissance Humanist, monk, and devout Roman Catholic, Desiderius Erasmus of Rotterdam, called "the crowning glory of the Christian humanists". Erasmus, along with his good friend Thomas More, became the center of European intellectual life during the Renaissance. Known for his satire, Erasmus urged internal reform of the Catholic Church. He encouraged a recovery of the Catholic Patristic tradition against contemporary abuses of the Sacraments and certain excessive devotional practices. He famously clashed with Protestant revolutionary Martin Luther on the subject
EFETF (Exchange for ETF) EFETF (Exchange for ETF) An Exchange For ETF (EFETF) transaction is one in which ETF units are exchanged for futures contracts which have the same underlying index; this is usually any of the broad based equity indices in North America, Europe, and Asia for which there is a liquid future available. Typical indices are S&P, FTSE, DAX, CAC40. It is similar to an Exchange for Physical (EFP) in which the constituent basket of stocks is exchanged for a futures contract. Usually traded via a broker who will cross the futures on exchange, this is a way for ETF market makers