Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
c) Receives the response from the issuing organ and inform same to the
Customer Service Manager for further processing ;
The Customer Services Officer-Maker
a) Receives the authenticated power of attorney from customer service
manager;
b) Receives from the customer identification card, two or one digital photo
for saving and demand deposit account respectively, and customer
signature;
c) Scans the signature and digital photo(take a digital photo using the digital
camera ) and then attach with the account by writing the word “power of
attorney”
The Customer Services Officer/Checker
a) Ensures that the pertinent information is incorporated into the system by
looking at the documents presented by the customer.
b) Authorizes the signatory record;
9.17 Handling of Government Bond Coupon /the Grand Ethiopian
Renaissance Dam Bond
9.17.1 Features of the Grand Ethiopian Renaissance Dam Bond (GERD)
a) Shall have either interest bearing or non- interest bearing ;
a) Denomination starting from Birr 25 to 1million and has Serial number;
b) Shall have Buyer Name and Signature;
c) The GERD bond maturity is from 1-5 years and above 5 years. The bond
can be redeemed from 1 to 5 years and above 5 years, which shall be on
yearly basis;
d) Interests earned from the GERD bond is tax-free;
e) The GERD bond is transferable to third party;
CATS Procedure | 156