Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
with clearly stated reason;
c) Makes sure that the Cheque on which the stop-payment order is placed is
not withdrawn from the account prior to receipt of the stop-payment
order;
d) Gives the standard stop-payment-order form to the account holder and
Make her/him to complete the form and sign on it. The standard stoppayment-order
form shall only be used;
e) Authenticates the signature on the form;
f) Inputs into the system such relevant particulars as the Cheques number,
the amount of money involved, the date on which it was issued and the
name of the payee/beneficiary; and keeps the record until the account
holder revoke his request and collect the service charge;
g) Forwards the stop-payment-order form to the branch controller.
The Senior Customer Services Officer-Accounts
a) Co-signs on the ‘stop payment order’ form;
The Branch Controller
a) Receives the documents from Customer Service Manager;
b) Checks the restriction made in the system to make sure that they comply
with the pertinent rules and regulations of the Bank before she or he files
them properly.
II.
Cancellation of a Stop-Payment Order
The Customer Service Manager
a) Receives a written application form for the cancellation of the stoppayment
order from the account holder or authorized signatory;
b) Makes the customer sign on the space provided on the stop-payment
order form for the cancellation of the order;
c) Authenticates the signature on the application form against the pertinent
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