Settlement and Netting

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Full Text of the Document

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....ith the netting or grossing procedure as specified in the bye-laws of such bullion exchange and bullion clearing corporation. (2) Payment and settlement in respect of a transaction between parties referred to in sub- regulation (1), effected under the bye-laws of a bullion exchange or bullion clearing corporation, shall be final, irrevocable and binding on such parties. (3) When a settlement....