Under the new regulations, all payees must present some form of photographic ID in order to cash URP cheques. |
The same applies to payees in countries with which Canada has a tax treaty that is not yet in effect. |
Payers shall submit a separate claim form in respect of each payee and payees shall submit a separate claim form in respect of each payer. |
The acceptance giro system also has significant administrative advantages for payees who operate with an automated accounting system. |
The list of payees even includes the format in which the payment has to be made. |
Disbursements schedules show names of payees, and date and purpose of payments. |