Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
who drawn the check, the account number and the name of the
beneficiary/payee thereof; if the amount is within the authorization limit,
b) Verifies the data related with Anti-Money Laundry is properly inputted in
the system before authorization;
c) Checks the correctness of the exchange-rate conversion and responds to
the referral request through the system.
The Branch Controller
a) Collects the cheque from the Customer Services Officer-Maker, and checks
the transaction on the system;
b) Checks the completeness of the cheque and that it has been paid based on
the pertinent discretionary limit;
c) Checks that it bears the stamp of the Customer Services Officer and that
she or he has put her/his initials on the face of the cheque;
d) Makes sure that the cheques have been authenticated by the concerned
staff of the Bank and endorsed by the beneficiaries thereof, if the cheque
is meant to be paid in cash,
e) Makes sure that it has been posted to the right customer’s account;
f) Checks in the system—that is, against the account number—checks the
numbers and the amounts of money involved and the initials on the
checks;
g) Files all the daily tickets (payment instruments) in accordance with the
classification on the general ledger and keeps it in her/his custody.
CATS Procedure | 105