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3.3.2

Settlement of a Settlement Participant's Net Payable or Net Receivable for a Batch Settlement Run and settlement currency shall operate as:

(a) a complete discharge of the Settlement Participant's obligation to make payment in respect of all the Settlement Instructions executed in that Batch Settlement Run and for that settlement currency; and
(b) a complete satisfaction of the Settlement Participant's entitlement to receive payment in respect of all the Settlement Instructions executed in that Batch Settlement Run and for that settlement currency.

Added on 10 December 201810 December 2018.