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AMI A3.2.9

A Commodity Derivative contract must specify:

(a) the rights and obligations of the parties to the contract in the event of default by the parties, or in the event of frustration of the contract due to force majeure or other specified event; and
(b) whether any Clearing House or Exchange guarantees the settlement of the transaction in an event specified in (a), and if so, the manner in which such settlement will occur.
Derived from RM118/2013 [VER15/07-13]