Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
2. The Settlement Team shall accept the electronic data that constitutes the
instruction given by the Exchange, via the primary and backup delivery
channels as follows:
a. Primary via dial-up point to point—that is, electronic data secure
electronic delivery; and
b. Backup via USB biometric disk—that is, secure electronic data,
manual delivery.
The Team shall, however, accept the data in any other form, if the ICT
system fails.
3. The instruction given by the Exchange shall be applicable to the following
accounts:
a) Members’ pay-in and pay-out accounts opened by members who are
trade operators;
b) Members’ and clients’ pay-in and pay-out accounts opened by
intermediary members;
c) Clearing pay-in accounts opened by intermediary members;
d) Limited members pay-out accounts operated by limited members;
e) Limited member client pay-out accounts opened by limited intermediary
members; and
f) The settlement account opened by the Exchange.
4. The Settlement Team shall accept no payment instruction from the Exchange
unless it has been issued by authorized personnel thereof and the
authorization has been authenticated against the pertinent documents.
5. Under no circumstances should the Team stop or delay the process of daily
pay-in or pay-out settlements covered by the deposits in the pay-in accounts
or in the Exchange-settlement account, respectively.
6. The Team shall immediately report to the Exchange if it comes across any
account that does not hold sufficient funds to cover the amount it was
CATS Procedure |
t