B.1.12 Payments over $15,000
Approved/revised: September 7, 2011
POLICY
Any payment to be made in the amount of $15,000.00 or more requires manual signatures.
PROCEDURES
Any cheques issued by NVIT in the amount of $15,000.00 or over will not be processed via the laser cheque signing system but will be processed manually and require manual signatures. In the event that the payments are to be made by electronic funds transfer they will require manual sign off prior to remittance.
Payments remitted to the following approved vendors are excluded from this policy:
Receiver General for Canada BC Pension Corporation Manulife Financial Visa BCIT Facilities Rental