A Clearing Member's obligation to make payment and its entitlement to receive payment in respect of Novated Contracts on any Settlement Day shall be set off for each settlement currency.

The resultant net amount shall be known as the "Final Settlement Balance" for that Settlement Day and currency.

Amended on 23 January 200923 January 2009, 25 February 201125 February 2011, 26 April 201326 April 2013 and 10 December 201810 December 2018.