The checkered flag signals the end of the race. Officials wave it as the winner crosses the line. Once shown, the event is finished for all drivers. Positions count at that exact moment. Drivers complete the lap they are on. For example the leader sees the checkered flag after the final lap. He crosses first and wins the Grand Prix. Other drivers follow in order behind him. No more overtaking changes the result after the line. The flag provides a clear and final conclusion to the race.
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