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ESTABLISHING, MODIFYING and CLOSING a USU PURCHASE ORDER When an investigator wants to expend HJF-administered funds at the Uniformed Services University, a prefunded Blanket Purchase Order (BPO)
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Establishing, modifying, and closing refers to the process of setting up new accounts, making changes to existing accounts, and closing accounts in a financial institution or organization.
The individuals or entities authorized to make changes to accounts are required to file establishing, modifying, and closing forms.
Establishing, modifying, and closing forms can typically be filled out electronically or on paper, following the specific instructions provided by the financial institution or organization.
The primary purpose of establishing, modifying, and closing is to accurately maintain account information, ensure compliance with regulations, and protect against fraud or unauthorized transactions.
The information required to be reported on establishing, modifying, and closing forms typically includes account holder details, account type, account number, and the specific changes being made.
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