UR44 2 instances of Morphing Channel strip

I’ve just installed and updated the bundled software for my UR44 on my laptop running Windows 7. In Cubase elements 8, there are 2 instances of the Morphing channel strip showing in effects inserts, one ends with [m] and the other with [s]. Do these donate mono and stereo versions of the plugin or is this some kind of duplication in error?

I’ve not seen any mention of this on the forums on elsewhere on the web, is this something blindingly obvious which I’m missing?