Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
Electronic Fund transfers (EFTs) or cheque cleared under special clearance with
value greater than Birr 200,000.00. In this case, the following procedure shall be
adhered.
II.
Fund transfer request form other bank customer account to CBE
customer account
Customer Service Officer-Maker/checker/CSM at branch
a) Checks the name and account number on MT103 message with that of the
system if it agrees, authorize the MT103, or take appropriate action as the
case may be. The MT 103 message shall be used as a source document to
authorize the transaction and no additional document is required;
b) Amends the transaction if the discrepancy is minor and the branch has
prior knowledge of the incoming transfer.
III.
Collection of other bank cheque through Special clearance with value
greater than birr 200,000.00
The Customer Services Officer Front Office Maker
a) Collects the cheque and Bankers’ cheque /CPO/from the depositor,
together with the filled-in deposit slip;
b) Checks the completeness of the cheque and the Bankers’ cheque;
c) Makes sure that the particulars filled in the deposit slip are identical with
those on the cheque and the Bankers’ cheque /CPO/ received for deposit,
that is, the name and account number of the account holder or
beneficiary/payee thereof, the Cheques/Bankers’ cheque /CPO/number
and the amount of money involved have been written on it and that it has
been signed by the depositor;
d) Affixes a crossing stamp to the face of the cheque and the Bankers’
cheque /CPO/, the stamp of the accepted for deposit/pending clearance
on the back of the instrument and on both the original and the receipt of
CATS Procedure | 91