Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
11. OPERATIONS AT THE FOREIGN TRANSFER AND NRNT
ACCOUNT
11.1 Foreign OBP and OBC Check Clearance
The Customer service officer /Maker
a) Accepts checks from branches and foreign transfer and NRNT accounts
for clearance, together with OBP/OBC ticket;
b) Makes sure that the check has been properly presented—that is, makes
sure that the date on which the check was issued and the name of the
payee/beneficiary appear on it and that it was properly endorsed and
that the amount of money given in words agrees with that given in
figures;
c) Segregates the checks by the drawee bank and/or by currency and sends
them to the Checker so that she or he will in turn send them to the
correspondent banks with an instruction for settlement;
d) Receives back the check from the Senior Customers’ Accounts and
Operations Officer and creates the transaction to post to the concerned
branches/foreign transfer and NRNT accounts through the online system;
and
e) Prepares signs and makes settlement and single entries.
The Customer service Officer/Checker
a) Receives from the Maker the checks with an instruction for settlement
and co-signs on the tickets;
b) Rechecks the full particulars of the check and the preparation of the
instruction for settlement and sends the check to the correspondent
bank;
c) Checks and sends the transaction to the concerned branch so that it will
credit, through the online system, to the customer’s account; and
CATS Procedure | 210