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13.3.4

For the avoidance of doubt, it is hereby clarified that the Block Trade Value shall be taken into account for the purposes of computing the Net Debit or Net Credit Balance of the Principal and the Net-Net Debit or Net-Net Credit Balance of the Settlement Bank but shall not be taken into account for the purposes of determining whether any particular Principal's Principal Net Debit Cap or whether any particular Settlement Bank's SB Net Debit Cap has been exceeded.