Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
instructed to settle.
7. Under no circumstances may the Team refuse to process a debit instruction
on a member, client or on a clearing pay-in account, if the branch had by
10.00 AM the previous working day given the Exchange a balance greater
than or equal to the amount of money in the debit instruction so that the
amount of funds in the pay-in account would not be less than the balance that
the Bank had confirmed to the Exchange.
8. Every month, the Team shall send electronic bank-account statements for
member pay-in and clearing pay-in and member client pay-in and client payout
accounts.
9. If the Exchange requests for an additional account statement, nonetheless,
the Exchange shall be charged as per CBE’s Terms and Tariffs.
3. ECX-Related Accounts
3.1 The Conditions that must be Met to Open Accounts
a) For ECX-Level Accounts
An ECX-Settlement Account:
1) The ECX is the legal owner of this account;
2) The ECX has an exclusive right to all debits and credits;
3) The ECX will send electronic debit instructions for this account;
4) The ECX will send electronic credit instructions for this account;
5) No checkbooks may be issued on this account;
6) No payment cards may be issued on this account; and
7) All settlement transactions will take place via ECX’s electronic
instructions.
b) For Member-Level Accounts
i. Member Pay-in (to the ECX)—mandatory for members to trade on their
own accounts:
CATS Procedure |
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