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An odd Fredholm module for a given invertible operator on a Hilbert space is specified by an unbounded so-called Dirac operator with compact resolvent and bounded commutator with the given invertible. Associated with this is an index pairing in terms of a Fredholm operator with Noether index. Here it is shown by a spectral flow argument how this index can be calculated as the signature of a finite dimensional matrix called the spectral localizer.