Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
1. Member is the legal owner;
2. Cheque book can be issued if required;
3. ECX will send electronic credit instructions to this account;
4. Member has sole right to request debits.
v. Member clearing pay-in (to the ECX)—mandatory for clearing on
behalf of other members:
1) The member is the legal owner of this account;
2) The member gives the ECX power of attorney and thereby
empowers it to request for debits;
3) No member may withdraw money from this account; and
4) The ECX will send electronic balance enquiries for this account;
5) The ECX will send electronic debit instructions for this account;
6) No cheque book may be issued on this account; and
7) No payment card may be issued on this account.
iv client pay-in (to the ECX)—mandatory for the member to trade on
behalf of the clients:
1) The member is the legal owner of this account;
2) The member gives the ECX power of attorney and there by
empowers it to request for debits;
3) No member may withdraw from this account;
4) The ECX will send electronic balance enquiries for this account;
5) The ECX will send electronic debit instructions for this account;
6) No cheque book may be issued on this account; and
7) No visa card may be issued on this account.
v Client pay-out (from the ECX)—mandatory for members to trade on
behalf of Clients:
CATS Procedure |
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