Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
10. Charities: Shall mean associations which are established by the
proclamation for Charities and Societies (NO.621/2008) to serve the public
at large or a given social section (such as women, children, the disabled, etc.)
rather than their members.
11. Company: shall refer legal entity made up of an association of persons, be
they natural, legal, or a mixture of both, for carrying on a commercial or
industrial enterprise.
12. Contract: shall refer to financial dealings made with customers with a
maturity date that do not base any account. In all such contracts, the normal
balance (debit or credit) shall never be changed to the other balance until the
contract is cleared.
13. Contractual agreement: shall refer to an agreement signed between the
CBE and suppliers of selected goods and services; like special discount for the
Bank's women saving account holders; and shall also refer to other
agreements concluded between the CBE and customers in the context of this
procedure.
14. Cooperative Societies: Shall mean associations established by individuals
on voluntary basis to collectively solve their economic and social problems
and to democratically manage same. Cooperatives are unique in the sense
that they are user-owned, User-benefited, and user-controlled as the benefits
obtained are returned to members and democratically administered by
members themselves.
15. Core banking: shall refer to a banking service that is centralized, online and
real-time exchange which is provided by networked branches of the bank
where customers may access their bank account and perform basic
transactions from networked branches
16. Corporate customer: shall refer to a legal entity like – organization,
enterprise, associations, government office and the like which the bank is
dealing with.
CATS Procedure | 3