Which Type of Derivative Contract Is Almost Always Physically Settled?

Forward contracts on physical commodities, such as oil, corn, or gold, are almost always physically settled. These contracts are often used by producers and consumers who actually need or want to deliver/receive the physical asset.

While some commodity futures can be cash-settled, the original purpose of many commodity forwards is physical exchange.

What Is the Main Difference between a ‘Cash-Settled’ and ‘Physical-Settled’ Option?
What Is the Process Called When a Physically Settled Contract Is Closed before Expiration?
What Is the Difference between Cash-Settled and Physically-Settled Futures?
How Does the Concept of a Short Hedge Apply to Traditional Commodity Producers?
What Is ‘Cash-Settled’ Vs. ‘Physically-Settled’ Crypto Futures?
What Is a ‘Cash-Settled’ Vs. ‘Physically-Settled’ Futures Contract?
Does the Settlement Process for Cash-Settled Options Differ from Physically-Settled Options at Expiration?
Why Is Physical Settlement Often Preferred in Traditional Commodity Markets like Oil or Gold?

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