Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
1) The member is the legal owner of this account;
2) Cheque books may be issued on this account, if required;
3) The ECX will send electronic credit instruction to this account; and
4) The member has an exclusive right to request for debit.
vi. Limited member client pay-out (from the ECX)—mandatory for a limited
member to trade on behalf of clients:
1) The limited member is the legal owner of this account;
2) Cheque books may be issued on this account, if required;
3) The ECX will send electronic or TT credit instructions to this
account; and
4) The limited member has an exclusive right to request for debits.
vii. Member clearing pay-out (from the ECX)—mandatory for processing
withdrawals on behalf of other members:
1) The member is the legal owner of this account:
2) Checkbooks may be issued on this account, if required;
3) The ECX will send electronic credit instructions to this account;
4) The member has an exclusive right to request for debits; and
5) This account must be a new one.
c) For Bank-Level Accounts
i) The ECX’s Correspondent Settlement Bank Account
1) The correspondent bank is the legal owner of this
Account;
2) The account must be used when the ECX needs to transfer funds
from its ECX-settlement account in one bank to its ECX-settlement
account in another bank in order to meet its pay-out obligations to
its members in a timely and efficient manner;
3) The ECX will send electronic credit instructions for this account
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