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What is a SPET (formerly SET) and CTR?

CTR spet
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What is a SPET (formerly SET) and CTR?

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SPET: Sponsored Payroll Expense Transfer for payroll (salary) transactions (where a sponsored account is involved in the transfer from/to local and/or state accounts). Formerly known as a Sponsored Expense Transfer (SET). CTR: Cost Transfer Request of non-salary or non-payroll transactions (where a sponsored account is involved in the transfer from/to local and/or state accounts).

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