Erasmus Student Network named for the Dutch Renaissance humanist. By 1994 ESN had 60 sections in 14 countries. In 2004 the ESN network consisted of 170 sections in and outside Europe, from Scandinavia to Morocco. ESN has been growing with an average rate of around 12% since then. In 2005, ESN established its headquarters in Brussels and legally registered as a Belgian non-profit organisation. As of November 25, 2017, the Erasmus Student Network consists of 533 local associations ("sections") in 40 countries and has more than 13,500 volunteers across Europe. ESN works on three levels - local, national and international. It is only
EFETF (Exchange for ETF) to manage their inventories in ETF positions which they have hedged with futures 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