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7B.2.5

Where any sum of money is paid pursuant to or in connection with this 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.