The fourth of six summings-up that P T Forsyth gives in the sixth chapter of his book, The Work of Christ (page 150)
In this relation to God's holiness and its satisfaction, nobody now thinks of the transfer of our punishment to Christ in its entirety - including the worst pains of hell in a sense of guilt. Christ experienced the world's hate, and the curse of the law in the sense of the suffering entailed on man by sin; but a direct infliction of men's total deserts upon him by God is unthinkable. His penalty was not punishment, because it was dissociated from the sense of desert. Whatever we mean by atonement must be interpreted in that sense. And judgement is a much better word than either penalty or punishment.