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The document provides a comprehensive guide for short-term consultants (STCs) and temporaries (STTs) on the payment request process within the World Bank Group. It outlines the use of the Payment Request Form available online, detailing its benefits, prerequisites, and the step-by-step payment process. Key policies regarding short-term appointments, including appointment status, allowed working days, and payment procedures are also discussed. Additionally, it includes instructions for accessing the ST Payment system, submitting payment requests, and handling overtime for temporaries.

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What is an STC in banking?

Build stable savings with Share Term Certificates An STC is a fixed-rate term savings account. An STC typically earns more than other savings accounts because SECU agrees to pay a set interest rate on a specific sum for a designated period of time.

What is a short term assignment at the World Bank?

An STA refers to the allocation of eligible staff to another organizational unit or work location for a period ranging from 90 calendar days to 12 months. An additional 12 months may be granted by the releasing manager or his/her designee.

What is STC in World bank?

Summary. This checklist summarizes the important tasks that new staff must complete when they join the World Bank Group on a short-term consultant/short-term temporary (STC/STT) appointment in a country office (CO).

How much does a STC make at the World Bank?

The World Bank pay FAQs The salary trajectory of a Short term Consultant (STC) ranges between locations and employers. The salary starts at $119,694 per year (estimate) and goes up to $143,413 per year (estimate) for the highest level of seniority.

What is the role of the payment system?

The payments system refers to arrangements which allow consumers, businesses and other organisations to transfer funds usually held in an account at a financial institution to one another.

What is STC in Bank statement?

STANDARD TARIFF OF CHARGES (STC): Unified Standard Tariff of Charges (STC) is mandatorily required to the bank for transactions and this manual contains details of standard charges that the Bank has determined to apply throughout the bank for its extended services.

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