Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
a) Receives the cleared cheque deposit slips and acknowledgment from the
Customer Services Officer/back office Maker and checks for the
correctness of the transaction on the system; and
b) Files the documents in her or his custody;
6.5 Foreign Cheques
i. Outward Bills Purchased (OBP)
The Customer Services Officer/Maker
a) Receives cheques issued by correspondent banks or money-transfer and
exchange companies that have accounts with the CBE and other foreign
bank cheques depending on the regularity the cheque, so long as the
beneficiaries can produce customers’ ID cards;
b) Checks the name of the beneficiary/payee, the period of the cheques
validity (five months from the date on which it was issued), the issuing
bank and the bank where the cheque is to be drawn and sends it (the
cheque) to Customer Service Manager;
c) Refers to the list of the stop-payment orders; if the cheque/travelers
cheque presented to branches use online access to cheque for any stop
payment order if not, it shall be referred to foreign transfer and NRNT
account;
d) Advices the customer to fill in the blanks on the deposit voucher, cheques
the voucher, puts her or his initials on the voucher, writes thereon
“Accepted for collection”;
e) Advices the customer sign on the travelers’ cheques again at the counter
and thereby makes her or him endorse the cheques and then compares
the signature with that affixed earlier;
f) Checks the office stamp ,if the deposit is made to the account of an
organization and the proper endorsement ;
g) Affixes a crossing stamp to the cheque/travelers’ cheque and perforates it
to forestall any future double negotiations;
CATS Procedure | 93