Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
ii.
Due to bilateral or multilateral agreement
a) A letter from Ministry of foreign affairs that requests opening of the
account by specifying the delegated person to open and operate the
account and/or the representative of the organization.
b) The letter of Ministry of foreign affair shall be signed by the person
delegated by the Ministry to that effect and shall be verified by the
bank.
c) A valid and renewed Id card of the person authorized to operate the
account;
d) Tax Identification Number (TIN) for demand deposit account;
17. Accounts Opened to Manage and Control Project Fund
Public enterprises, government offices, universities etc… reach an agreement
with other organization to make advance payment to the organization through a
separate account opened for this purpose in the name of the organization and
control the fund by assigning a co-signatory from them.
The following
documents shall be presented up on the account opening:
a) Depending on the nature of the organization which the account shall be
opened, the organization shall present all the necessary documents
1. To open the account and operate, letter of request shall be presented
by the project funding organization
2. All necessary documents of both parties, related with their legal
establishment, shall be presented
b) Registered contractual agreement.
c) A valid and renewed Id card of the person authorized to operate the account;
and
d) Tax Identification Number (TIN) for demand deposit account;
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