rendering clips for CD authoring in WL 7 Elements

I’m new to Wavelab Elements 7. I’m reading the manual, but not finding clear instructions on how to maintain separate WAV files when I render my effects to several clips in a montage for mastering a CD. I’m getting one continuous rendered WAV file and losing my individual clip identities. There must be an easy way to do this without rendering each clip one at a time.

OR, does writing the audio to a CD automatically capture the Master plug-in effects?