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Remittance: Manager's Check (MC)

Checks drawn by the bank upon itself and signed by authorized signatories.

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Features

Requirements

	No need to carry large amounts of cash when settling bills
	UCPB guarantees that funds will be automatically available upon demand or presentation of the MC
	Several modes of payment to choose from
	Issued payable to a specified person
	Allows issuance of payable to "Bearer"
	For high-volume and periodic MC requirements, can use the Bank's automated MC preparation system: MC Writer