Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
f) If the GERD bond buyer wants to be redeemed before maturity date, the
request shall be lodged to DBE ;
g) Tears, water-wash, fire-burn, or partial/complete damage during
stamping, packing, or transportation before its sale and mistakes made
when writing on the blank spaces of the coupons during the sale lead to
voidance of the bond coupons. Such bond coupons should be stamped or
written on them “Void”. Voided coupon must be reported regularly and
with the voided coupon(s) sent to the Head Office of DBE in the same way
as the other activities of the bond sales.
9.17.3 Eligibility to Buy the GERD Bond
a) All Ethiopians – rural and urban communities, micro enterprises,
cooperatives, public and private enterprises, organizations,
individuals and other sections of the general public;
b) Foreign nationals of Ethiopian origin and non-Ethiopian origin
with residence permission;
c) Required documents for those 18 and older are – Kebele ID or
employment ID, for minors birth certificate, for student school or Kebele
ID; and
d) All Ethiopians and foreign nationals of Ethiopian origin living abroad;
9.17.4 Duties and Responsibilities of Performers’ Involved In GERD Bond
Operation
Manager –Bond Reconciliation
a) Receives the bond coupons by denomination and sales receipts from DBE
head office and forward the bond coupons to Bond Management Officer;
b) Receives bond coupons request from Addis Ababa city District offices;
approve and forward to Bond Management Officer;
c) Makes sure the stock is balance;
CATS Procedure | 158