Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
the customer’s account—that is, from cash/Cheque clearance, loan,
foreign and local transfers etc… Upon receipt of the Cheque from the
Maker unpaid due to insufficient fund,
b) Fills in all the discrepancies on the Cheque including the insufficient
balance status on the Cheque returned form and affixes thereto the
official stamp of the branch and retain photocopy of the Cheque for
further action; However if the drawer has already stopped the cheque
due to loss of cheque or theft, the branch does not need to state the
balance or take action thereof.
c) Affixes the returned slip to the Cheque and registers the Cheque for
insufficient fund in the system;
d) Ascertains whether the name of the account holder whose Cheque is
returned for insufficient fund does have a prior record in the system for
insufficient fund Cheques;
e) Takes appropriate action as stipulated in the NBE Directive No
SBB/64/2016
f) If two or more Cheques are presented on a given demand deposit account
for payment at the same time and if there is no sufficient fund to cover
the amount of the Cheques, takes appropriate action, as stated above, for
each Cheque—in accordance with the sequential order of Cheques even if
the reminder is not received by the customer.
g) Informs the CATS CPC, in writing, about the returned cheque due to
insufficient cheque or the closure of the demand deposit account in the
case of drawer writing insufficient cheque for the 3 rd time by the fastest
available means within 6 working hour(refer annex 5)
The Senior Customer Services Officer-Accounts
a) Maintains a separate register on the system for registering Cheques
CATS Procedure | 137