Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
c) It has a hybrid features of saving account and demand deposit account;
d) It can be opened individually, jointly or by corporate entities.
e) It can be opened with zero balance given that there is a reasonable source
of fund that bring the balance to the minimum amount of birr 25 within a
month;
f) No restrictions on the number and amount of deposit
g) It can be operated cash withdrawal slip, debit card, mobile and internet
banking; and
h) A minimum amount of birr 25 has to be maintained to keep the account
operating.
III.
ECX related Accounts
a) The accounts are opened to facilitate commodity trading at ECX;
b) Account opening and closure process is carried out by CATS - CPC
c) These accounts include:
1. Member Pay-in
i. Used as payment guarantee to participate in the trading floor
of ECX
ii. The member is legal owner but shall empower ECX for debit
transaction
iii. It can only be debited by the CATS- CPC as per the instruction
of ECX.
2. Member Pay-out
i. Used to receive payment from ECX trading; and
ii. The member/account holder has exclusive right on the account
3. Client Pay-in
i. It is an account maintained by members on behalf of their
clients; and
ii. it can only be debited by the CATS-CPC as per the instruction
of the ECX
4. Client pay-out
CATS Procedure | 31