Preservation of rights, etc. in underlying transactions
(1) This Part shall not operate to limit, restrict or otherwise affectĦX
(a) any right, title, interest, privilege, obligation or liability of a person resulting from the underlying transaction in respect of a transfer order which has been entered into a designated system; or
(b) any investigation, legal proceedings or remedy in respect of any such right, title, interest, privilege, obligation or liability.
(2) Nothing in subsection (1) shall be construed to requireĦX
(a) the unwinding of any netting effected by the system operator of a designated system, whether pursuant to its default arrangements or otherwise;
(b) the revocation of any transfer order given by a participant which is entered into a designated system; or
(c) the reversal of a payment or settlement made under the operating rules of a designated system.