Revised CATS Procedure Dec.20161

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COMMERCIAL BANK OF ETHIOPIA December 1, 2016 12.3 The Limit to Inter-Branch Transactions a) Authorization limit mentioned above under sub article 8.1 of this procedure shall be applicable to all transactions allowed to be processed through inter branch transaction using the network system. 12.4 Additional duties and responsibilities for Inter branch transactions Customer Relationship Officer a) Checks the genuineness of every transaction initiated by TS-CPC that affects the branch account. Senior Customer Service Officer- Accounts a) Makes sure that the accounting entries affect the proper account and take the necessary corrective action; b) Ensures that there is no abnormal balance in the branch’s General Ledger; and c) Reconciles the Branch account against Head office account. 12.5 Custody of Inter-Branch Transaction Documents All documents pertaining to inter branch transactions shall be kept by the branch controller of the branch that carried out the transaction. 12.6 Head Office Account Reconciliation Senior Customer Service Officer-Accounts (at the branch) The senior customer service officer-accounts shall, on a daily basis, oversee ‘transaction to day report’ of the branch account maintained by the branch against branch account maintained in Finance process. To show the settlement of the transactions that has taken place by inter-branch CATS Procedure | 215
COMMERCIAL BANK OF ETHIOPIA December 1, 2016 transactions. And, in order to check and thereby make sure that the interbranch accounts have been reconciled to each other. 12.7 Transaction handling when Networked branch becomes offline Sometimes online branch may become offline for some reason, during this time; a) Deposit to customer account and foreign currency purchase (by a form designed for this purpose having a serial no. which will be kept by the Customer Service Manager), payment of own branch Bankers’ cheque /CPO/ , account to account transfer within the same branch, and cheque deposit within the same branch shall be allowed without restriction; b) Authorization limit stated under 8.1 shall be applied for transactions stated under ‘a’. c) For withdrawal the customer shall be advised to withdraw from the nearby branch, if any. However, if the nearby branch is far from the offline branch and The Branch manager/Customer Service Manager approved by stating the word ‘ok for withdrawal’ in the face of the withdrawal voucher or cheque, the limit set 8.2 CATS Procedure | 216
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Commercial Bank of Ethiopia Decembe
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1.2 Definitions COMMERCIAL BANK OF
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Revised CATS Procedure Dec.20161

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