Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
ii.
sub-process, however, the Department must be contacted, as
proceeds might be already credited to the account. If the items remain
outstanding for more than three months, nonetheless, the
correspondent bank to which the cheque was dispatched should be
requested to return the uncollected items.
When an uncollected -scanned cheque is returned, the concerned
customer should be asked to refund the proceeds of the Cheque and
all out-of-pocket expenses such as SWIFT, postage, correspondent
charges, etc., and the cheque has to be handed over against its
presenter’s signature.
e) Upon receipt of the settlement advice from any one of our correspondent
banks, settles the OBP on the system.
The Customer Services Officer/Checker
a) Checks the completeness of all the pertinent documents, signs on them
and responds to the referral and forwards them (the documents) to the
Customer Services Officer/Maker.
The Customer Service Manager
a) Determines whether the received cheque should be paid in OBP or on an
OBC basis, and forwards it (the cheque) to the Customer Services
Officer/Maker for processing.
iii. Outward Bills for Collection (OBC)
Checks specified under OBC are not purchased at the bank’s counter. Instead,
they are accepted on a collection basis under OBC-foreign. Payments for the
presenter will be effected only after confirmation is received from the
concerned correspondent bank for the credit of the proceeds and advice of
credit is received.
The Customer Services Officer/Maker
CATS Procedure | 95