Cash delivery property
Cash delivery property means any cash or cash equivalents recorded in a delivery account that is, as of the filing date:
(1) Credited to such account to pay for receipt of delivery of a commodity under a commodity contract;
(2) Credited to such account to collateralize or guarantee an obligation to make or take delivery of a commodity under a commodity contract; or
(3) Has been credited to such account as payment received in exchange for making delivery of a commodity under a commodity contract. It also includes property in the form of commodities that have been delivered after the filing date in exchange for cash or cash equivalents held in a delivery account as of the filing date. The cash or cash equivalents must be identified on the books and the records of the debtor as having been received, from or for the account of a particular customer, on or after seven calendar days before the relevant:
(i) First notice date in the case of a futures contract; or
(ii) Exercise date in the case of a (cleared) option.
(4) Cash delivery property also includes any cash transferred by a customer to the trustee on or after the filing date for the purpose of paying for delivery, consistent with ยง 190.06(a)(3)(ii)(B)(1).
(5) In the case of a contract where one fiat currency is exchanged for another fiat currency, each such currency, to the extent that it is recorded in a delivery account, will be considered cash delivery property.