For futures contracts that are settled by the actual physical delivery of the underlying commodity (physical delivery futures), account holders may not make or receive delivery of the underlying commodity. The exception is for the major CME Globex currency futures (EUR, GBP, CHF, AUD, CAD, JPY, HKD).

Please note, if the account is not an approved ECP (Eligible Contract Participant) or does not have approved Cash Forex Trading Permissions it will only be allowed to close a cash position resulting from a delivery of an expired Forex future contract.

See: What happens if I hold a Forex Future contract through expiration?To avoid deliveries in expiring futures contracts, account holders must roll forward or close out positions prior to the Close-Out Deadline. The date and time MEXEM can start liquidating a specific futures contract due to MEXEM's Futures Close-Out Policy  can be found on our website.

Additional information may be found in the MEXEM Knowledge Base. With the recent decision by certain exchanges to support negative pricing, MEXEM has implemented several new policy changes as it relates to expiration/near expiration policies. Oil related future products (Physically and cash settled), which are eligible to trade at negative prices are subject to the same liquidation schedules.

Meaning physically delivered contracts and cash settled future products will both be subject to mandatory closeout periods. Additionally, beginning five business days prior to expiration, only margin-reducing transactions in expiring month contracts will be accepted for oil-based products eligible to trade at negative prices.

See also: Where can I see settlement method of a product in TWS?