Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
5.2 Account and Contract Maintenance ........................................................................................................................ 55
5.3 Account closing ................................................................................................................................................................ 64
6. COLLECTION ................................................................................................................................... 67
6.1 Collection of Cash for Deposit .................................................................................................................................... 67
6.2 Collection for Money Transfer ................................................................................................................................... 69
6.2.1 General Conditions for Money Transfers ........................................................................................................ 69
6.2.2 Outgoing Local Money Transfer .......................................................................................................................... 71
6.2.3 Bankers’ Cheque /Casher Payment Order ...................................................................................................... 73
6.2.4 Account to Account Transfer (Fund Transfer) ............................................................................................. 75
6.2.5 Foreign Money Transfer ......................................................................................................................................... 76
6.2.6 Foreign currency Demand Draft and SWIFT Transfers ............................................................................ 76
6.2.7 Purchase of Foreign-Currency Notes ................................................................................................................ 78
6.2.8 Issuance of Travelers’ Cheques and Money Notes ...................................................................................... 79
6.3 Collection of Negotiable Instruments for Deposit ............................................................................................ 81
6.3.1 Local Cheques .............................................................................................................................................................. 81
6.3.1.1 A cheque drawn on CBE Branches ..................................................................................................................... 81
6.3.1.2 Clearance of Other Banks’ Cheques (including Bankers’ Cheque) ....................................................... 82
6.4 High Value collection ..................................................................................................................................................... 90
6.5 Foreign Cheques .............................................................................................................................................................. 93
7. PAYMENT ......................................................................................................................................... 97
7.1 Payment from a Current Account ............................................................................................................................ 97
7.1.1 Local Cheques .............................................................................................................................................................. 97
7.1.1.1 Payment in cash ............................................................................................................................................................... 97
7.1.1.2 CBE Cheques/Bankers’ cheques collected by other banks (Incoming Cheques or Bankers’
cheque /CPO/s) ..................................................................................................................................................................................... 99
7.1.2 High Value Payments ............................................................................................................................................. 101
7.1.3 FCY Cheques (NR and NT) ................................................................................................................................... 104
7.2 Withdrawal from Savings Accounts ...................................................................................................................... 106
7.3 Payment against Local Money Transfer .............................................................................................................. 108
7.4 Payment Foreign Remittance Transfer ............................................................................................................... 110
7.5 Bankers’ cheque (Cashier Payment Order (CPO)) .......................................................................................... 111
7.5.1 Bankers’ cheque /CPO/payment to the beneficiary or to the Purchaser ....................................... 111
7.5.2 Payment of Expired Bankers’ cheque ............................................................................................................. 113
7.5.3 Payment of a Lost Bankers’ cheque ................................................................................................................. 114
7.5.3.1. For lost but not expired Bankers’ cheque ..................................................................................................... 114
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