Sec. 354. Relief for end users who use physical contracts with volumetric optionality
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/bill/113/hr/4413/ih/section-354A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1a(47)(B)(ii) of the Commodity Exchange Act ( 7 U.S.C. 1a(47)(B)(ii) ) is amended to read as follows: any purchase or sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled, including any stand-alone or embedded option for which— exercise results in a physical delivery obligation; cannot be severed or marketed separately from the overall transaction for the purpose of financial settlement; and both parties are commercial market participants. .
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Sec. 354
Relief for end users who use physical contracts with volumetric optionality
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