Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
while processing the pay-in;
4) The ECX will send electronic debit instructions for this account
while processing the pay-out;
5) Any ECX debit will be covered by a corresponding ECX credit (at
the time the pay-out is processed) to the correspondent bank
account in the owning bank; and
6) The responsibility of accounting for these transactions and
repatriating the funds from other banks as and when required
rests with the CBE.
The Pay-In Emergency Process
The ECX transfer from the Deposit Fund (the Settlement Guarantee Fund) to the
ECX-Settlement Account will take place when the ECX lodges a request thereof, in
writing, signed by two of the signatories of the ECX-Settlement-Guarantee-Fund
account. The Bank, for its part, must immediately process the request and confirm to
the Manager of the Clearing House when this has been completed, but no later than
10:30 AM.
The Bank should, on a daily basis, inform the ECX of the balance of the Settlement-
Guarantee-Fund account via the electronic network that connects the ECX with the
data center of the Bank.
CATS Procedure |
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