For the purposes of own funds requirements for market risk in the standardized approaches according to Part three, Title IV, chapters 1 - 4 of Regulation (EU) No 575/2013 (CRR) financial equity, equity index and commodity futures/forward contracts should be treated as a combination of long and short positions. In the case of a long futures/forward position, this consists of the holding of the underlying and borrowing (in the relevant currency) which matures on the delivery date of the futures/forward contract. In the case of a short futures/forward position, this consists of the selling of the underlying and lending which matures on the delivery date of the futures or forward contract.
Article 358 CRR specifies the own funds requirements for commodities risk only, thus it does not contradict the treatment for the interest rate risk component of commodity futures and forwards.
Interest rate risk inherent in futures and forwards gives rise to own funds requirements. This is clarified via Q&A 1356 for FX derivatives.