Method and system for settling a derivatives contract in respect of a commodity

摘要

A method of settling a derivatives contract in respect of a commodity, the method comprising the steps of: receiving 501 a tender request form indicating that an amount of the commodity, which has been credited to a clearinghouse that is responsible for managing settlement of the derivatives contract, is to be tendered; selecting 509 a long position to take delivery of the amount of the commodity; and effecting delivery of the amount of the commodity to fulfil the long position, thereby settling the derivatives contract.