Past version: Effective from 26 Apr 2013 to 09 Dec 2018
Subject to Rule 6C.2.6, where any sum of money is paid pursuant to or in connection with these Clearing Rules through Settlement Bank Payment:
(a) such payment shall not be considered to have been made to the intended recipient until a Confirmation of the relevant Payment Instruction is given by the relevant Settlement Bank; and
(b) such Confirmation shall discharge the payment obligation in respect of which the relevant Payment Instruction was given.
Added on 26 April 201326 April 2013.