Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
organs/Court order;
b) Sets aside the fund as security under “locked” status by specifying the
reason on description box on the system; writes the locking transaction
number and the word ‘locked by system’ on the instruction letter. if the
blocking instruction entails the partial blocking of the amount;
c) Places a “Post No-debit” restriction and lock the entire amount by placing
a “locked” status on the system by the specifying the reason if the
blocking instruction entails the blocking of the account;
d) Informs the customer that the blocking of specified amount from her/his
account, indicating the reason(s) for blocking.
e) Requests the customer to indicate the account number, the amount of
money extended as a loan and the due date for it to be repaid if the
blocking is made as a deposit of collateral for a loan,;
f) When the customer repays the loan in full, which is confirmed by the
concerned organ of the bank, release the locked amount;
g) Replies to the concerned organ and notifies same to the customer and
maintains the blocking document until it is released.
h) Checks the locked amount list on the system against the document at the
end of the month; and
i) Passes the instruction letter to the Branch Controller after releasing the
amount.
The Branch Controller
a) Checks the blocking instruction is properly locked, restricted or released
in the system by generating “locked amount report” as the case may be;
b) Receives pertinent documents from the Customer Service Manager
ii. When a blocked account request is lodged to the bank (At Head office.-
Center).
When such a request is received by the bank, the request shall be forwarded
CATS Procedure | 143