Educational policies and initiatives of the European Union Lifelong Learning programme comprises separate sub-programmes for schools; universities and higher education; vocational education and training; adult education; teaching about the EU in universities; and a 'horizontal' programme for policy development. The schools exchange programme, named after the 15th century Czech teacher, scientist and educator John Amos Comenius, has helped over 2.5 million school students take part in joint projects across boundaries. The Erasmus programme (named after Desiderius Erasmus, the 16th century Dutch humanist and theologian), has been the icon of university exchange programmes since its launch in 1987. Some two million students have so far spent a fully accredited
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