Revised CATS Procedure Dec.20161

1.2 Definitions
COMMERCIAL BANK OF ETHIOPIA December 1, 2016
1.2.1 Terms and concepts
For the purpose of this procedure, the terms and concepts shall be defined as
follows;-
1. Accounts for Interdicted Persons: shall refer to account opened for a
person designated by a court of law as being incapable of discharging her/his
legal rights, or be interdicted.
2. Accounts for Minors: shall refer to an account opened for an under-aged
individual (minor) by the parent(s)/Tutor of the minor, or by a court order.
3. Administrative Agencies: Shall mean government entities that are
established by the Federal or regional governments in order to provide
special emphasis on some
4. Administrative Entities: shall mean all ministries established under the
federal government and all tiers of regional government.
5. Automated Teller Machine (ATM): shall refer to unattended acceptance
terminal that has electronic capacity, accepts PIN, disburses money, and may
provide balance confirmation, fund transfers between accounts and other
services.
6. Banker’s Cheque: shall refer to a type of negotiable instrument like any
cheque; However, it is prepared by banks as per customer request and is
payable upon presentation. It is endorsable to the purchaser only and valid
for six months. It is also known as Cash payment order (CPO).
7. Bio-metrics: shall refer to an electronic device used to capture a digital
image of the finger print pattern.
8. Cash Pick up service – shall mean a cash collection service provided for
premium and high value customers from their premises on pre-arranged
schedule and agreement.
9. Cashier Implant - shall mean service provided for high value customers by
assigning employee/s of the bank on the premises of high value customer on
the basis on contractual agreement between the bank and high value
customer.
CATS Procedure | 2