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Where does rounding occur within the Playing Handicap™ calculation?

To avoid multiple rounding points during the conversion of a Handicap Index® into a Playing Handicap™, the handicap allowance (if applicable) should be applied to the unrounded Course Handicap™, which improves the accuracy of the final Playing Handicap™.
 
This approach is practical because, in most cases, golf clubs and Committees have access to tournament management software that performs these calculations automatically. Every authorized technology provider has been instructed to use this method to ensure consistency. (Rules 6.1 and 6.2, Rules of Handicapping)