Confused about rendering options - complete signal path vs Master FX

Hi there

In render options, I’m confused when I try to differentiate the last two render options in Cubase.

‘Complete signal path’ and ‘Complete signal path + Master FX’.

By inference, doesn’t ‘complete signal path’ already include the master bus FX, otherwise it would not be the complete signal path?

Grateful for some clarity on this topic. thank you

If you hover over the items the tooltips explain what’s going on.
‘Complete signal path’ means complete signal path before it gets to the master output bus
‘Complete signal path + Master FX’ means complete signal path plus the master output bus settings.

Ok! thank you