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It Is Finished Through faith God imputes the righteousness of Christ to us. The Great Exchange it is finished Christ has accomplished our redemption The atonement is Gods work to reconcile his people to himself through the life


  1. It Is Finished Through faith God imputes the 
 righteousness of Christ to us. The Great Exchange

  2. it is finished • Christ has accomplished our redemption • The atonement is God’s work to reconcile his people to himself through the life and death of his Son.

  3. covenant framework 
 of redemption • Covenant of Redemption • Covenant of Creation • Covenant of Grace

  4. the great exchange Q: How do we take possession of our redemption? A : T h r o u g h f a i t h G o d i m p u t e s t h e righteousness of Christ to us.

  5. outline • Why is this Exchange Great • What is Exchanged • How is it Exchanged • Living Out Our Exchange

  6. why is the 
 exchange great • Our salvation is a great exchange because three obstacles have been overcome. Our 
 God’s Law’s Sin 
 Righteous Demanding Nature Nature Nature � � � Eph 2:1-3 Hab 1:13 Ezk 20:21

  7. what is exchanged Second Exchange First Exchange We who knew no Christ who knew no righteousness become sin was made sin. righteous. God imputed our sin God imputes Christ’s to Christ. righteousness to us. All our sin is All his righteousness considered as is considered as ours. Christ’s.

  8. how is it exchanged Grace Faith there is nothing in “yet we know that a God’s nature nor in p e r s o n i s n o t the law that prevents justified by works of him from sending his the law but through Son as our substitute f a i t h i n J e s u s f o r s i n a n d Christ…” righteousness Galatians 2:16

  9. living the exchanged life • Results • Forgiveness for all sin. (Acts 13:38-39) • Sentence of condemnation is annulled. (Rom 8:1; 2 Cor 5:19) • Receive the gift of eternal life. (Titus 3:7) • Spiritual peace (Rom 5:1; 2 Cor 5:18) • Positional sanctification (2 Cor 5:17)

  10. living the exchanged life A Life of A Life of 
 A Life of Freedom Hope Evangelism Our justification The Lord has “Therefore, 
 presents us clothed us 
 we are perfect before with the ambassadors God. Our righteousness for Christ, God salvation is of his Son so making his based on our that they are appeal 
 justification, not now pleasing through us.” 
 our perfection. to him. (2 Cor 5:20)

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