Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
Customer Service Manager at ATS
a) Approves outgoing MT 103 originated from branches and other organs of
the CBE by prioritizing outstanding payments;
7.1.3 FCY Cheques (NR and NT)
The Customer Services Officer/Maker
a) Accepts the cheque and the ID card from the payee/the beneficiary;
b) Checks the genuineness and completeness of the cheque—that is, makes
sure that the date on which it was written and the amount of money in
both words and figures appear on it and that the cheque has been signed
by the account holder and endorsed;
c) Identifies the customer on the back of the cheque;
d) Authenticates the signature on the cheque and debits the appropriate
customer’s account;
e) Identifies and inputs the payee information , on system, if the amount is
greater than the amount set by Ethiopian Financial Intelligence Center;
currently it is 15,000 US Dollar or its equivalent currencies.
f) Sends the referral to the Customer Services Officer-Checker/CSM for
cheque values above his / her payment-authorization limit and pays the
customer in cash after authorization;
g) Affixes the stamp of the Customer Services Officer and puts her or his
initials on the face of the cheque;
h) Cross-checks the balance on the system against the cash on hand; and
i) Hands over the cheque to the Branch Controller as soon as the
transaction is completed.
The Customer Services Officer/Checker/Customer Service Manager
a) Checks the endorsement, the date that the cheque was drawn on, the
amount of money in both words and figures, the signature of the person
CATS Procedure | 104