SGX Rulebooks
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Past version: Effective up 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.