The attribute, or adjective, physical usually refers to trades and business process that results or involves in the physical delivery of energy or a commodity
Detail
A trade is physically settled when it will result in the delivery of an energy or commodity. This is in contrast to a trade that is financially or cash settled
Physical business process involves the activities around
Scheduling delivery of electricity and gas (Operations)
Logistics of moving and delivering other commodities by ship, barge, train, plane, truck etc. including loading and unloading and inspections
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