Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
Branch Controller
a) Receives and Checks the documents for completeness and accuracy:
b) Checks the transaction on the system;
c) Files and keeps the document in her/his custody
7.6 Handling of Retention Account
The Customer Services Officer/Maker
a) Receives a foreign-exchange-utilization letter of request, authenticates
the signatures thereon, and makes sure that sufficient balance is available
and forwards the request to the Customer Services Officer/Checker;
b) Checks against the checklist to make sure that the request for foreign
exchange has been lodged in line with the provisions of the pertinent
directive of the NBE;
c) Determines whether the request is intended for the credit of the
customer’s own local-currency account, or to make payment to another
party, or to transfer the money in foreign exchange abroad for payment of
imports or other services;
d) Debits the foreign exchange account and credits the counter value in local
currency, applying the prevailing exchange rate, or debits the foreign
exchange account by the requested amount of money in the case of a
foreign-currency request; and
e) Makes reversal entries for the unutilized balance left over in the
Retention account as per the directive of the NBE.
The Customer Services Officer-Checker/Manager customer service
a) Receives and checks the correctness of the foreign-exchange-utilization
CATS Procedure | 118