Revised CATS Procedure Dec.20161

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COMMERCIAL BANK OF ETHIOPIA December 1, 2016 letter of request from the retention account; b) Makes sure that the foreign currency has been properly converted to Birr and that the exchange rate has been properly applied and; c) Follows-up on the customer’s foreign-exchange retention account and converts to Birr and credits her/his local-currency account for the unutilized balance left over in the “Retention account B” after 28 days have elapsed as per the directive of the NBE; and d) Authorizes the reversal entry, if the customer fails to utilize the fund within the prescribed date; The Branch Controller a) Receives the letter of application from the Maker and checks the transaction on the system and the pertinent directives to make sure that it does not contravene any of their provisions; and b) Ensures unutilized balance left over in the “Retention account B” converted to birr and credited to local currency account after 28 days; c) Files the document in her or his custody. CATS Procedure | 119
COMMERCIAL BANK OF ETHIOPIA December 1, 2016 8. TRANSACTION-AUTHORIZATION LIMIT 8.1 For saving accounts, Current accounts, LMTS and BANKERS’ CHEQUE /CPO/Deposit Authorization Limit(AL) No Authorized Person Savings Account Current Account/ Foreign Payments Incoming Transfers LMTS Incoming Bankers’ cheque Deposit Collection for LMTS 1 Customer Services Officer/Maker Up to Birr 40,000 Up to Birr 100,000 Up to birr 10,000 Up to 100,000 Up to 200,000 N/A 2 Customer Services Officer/Maker, together with Customer Services Officer/checker Above birr 40,000 and up to 80,000 Above birr 100,000 And up to 200,000 Above birr 10,000 And up to 20,000 Above birr 100,000 And up to 200,000 Above birr 200,000 And up to 400,000 Up to birr10, 000 3 Customer Services Officer/Maker, together with the Customer Service Manager birr 80,000 And above birr 200,000 And above birr 20,000 And above birr 200,000 And above birr 400,000 And above birr 10,000 And above CATS Procedure | 120
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Revised CATS Procedure Dec.20161

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