Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
b) Staffs are not allowed to process transaction of their own in the system
except in payment channels such as internet, mobile and card banking.
VII.
Cash Indemnity Account
a) Opened in the name CBE staffs, who are engaged cash related activities
and entitled for cash indemnity allowance;
b) Withdrawals is approved by the CSM for settling cash shortage reported
by the account holding staff and confirmed by the branch controller;
c) Payments may be effected to the account holding staff after one year of
leaving cash related post for which she/he was entitled the cash
indemnity.
VIII.
Overdraft account-
a) It is a demand deposit account with augmented feature that allow
customers to withdraw money beyond their credit balance; and
b) It can be withdrawn up to the approved limit;
3.2.2 Features Foreign Deposit products
(Basic features for all foreign deposit products)
a) The source of fund is overseas and in foreign currency.
b) The account can be maintained in hard currency or in Birr.
c) Persons residing abroad can open such accounts in person or by mail in their
names.
d) A foreign currency shall be credited to the account through ;
I. Direct crediting of the account from foreign sources via the banking
system
II. Foreign currency cash note;(the account holder presents a signed and
sealed foreign-currency-declaration form from the Ethiopian Customs
Authority for foreign currency notes above 3,000 USD) and
III. Cheque deposits that originate from abroad.
CATS Procedure | 34