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    <title>Criteria for Settlement Mode of Commodity Derivative Contracts</title>
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    <description>Primary settlement preference for commodity derivatives is physical delivery; cash settlement is allowable only where physical delivery is impracticable (intangible or perishable commodities, or inadequate storage/transport) or where a reliable, exchange vetted benchmark spot price exists. Exchanges may list both settlement types for the same commodity if they facilitate different price discovery and must amend rules and notify market participants accordingly.</description>
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