IFRS 9 Financial instruments

These are contracts in which one or all parties still have partially or fully unfulfilled obligations. It is geared towards normal trading contracts. These contracts generally involve the purchase or sale of non financial items in accordance with the entity’s own sale or usage requirements. These contracts are generally outside the scope of IFRS 9 especially where the party takes delivery of the commodity, even thought the contact may be settled in cash or another financial instrument.

My question however, was gearing more towards if there is a similar contract that involves the purchase or sale of a commodity that will be settled in cash or another financial instrument but the entity does not take delivery of the physical commodity. Is this still an executory contract? Am just seeking clarification sir.