Full and final offer accepted but is the wording ok on their email?

Hi, please can you tell me if this wording is acceptable? It's from the debt company and it's been a hard slog to get this agreement. A family member is paying it. I just want to ensure they or no one else can come back afterwards. The nightmare might just be ending, I can hardly breathe.
I can confirm we are prepared to accept £xxxx in settlement of the above referenced account......On receipt of cleared funds we will close your account with no further monies owed and update your credit file as partially settled.

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