Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
7.5.3.2. For lost and expired Bankers’ cheque ............................................................................................................ 116
7.6 Handling of Retention Account ............................................................................................................................... 118
8. TRANSACTION-AUTHORIZATION LIMIT ............................................................................... 120
8.1 For saving accounts, Current accounts, LMTS and BANKERS’ CHEQUE /CPO/Deposit ................ 120
8.2 Authorization limit when the networked branch becomes Offline ........................................................ 121
8.3 Authorization limit for Account receivable and expense ............................................................................ 121
8.4 Approval limit at CATS-CPC (ATS) to credit Customers’ Account ........................................................... 122
8.5 For Lost Bankers’ Cheque .......................................................................................................................................... 123
9. OTHER ISSUES RELATED TO OPENING, COLLECTION AND PAYMENT .................... 124
9.1 Handling of Inactive Accounts ................................................................................................................................. 124
9.1.1 Payment from Inactive saving accounts ........................................................................................................ 125
9.2 Handling of Cash Indemnity Account ................................................................................................................... 126
9.2.1 Cash indemnity account opening ...................................................................................................................... 126
9.3 Handling and Issuing of Cheque books ................................................................................................................ 128
9.4 Features of a Cheque .................................................................................................................................................... 129
9.5 Negotiability and Endorsement of Cheque ........................................................................................................ 130
9.5.1 Endorsement of Cheques ...................................................................................................................................... 130
9.5.2 The Use and Transferability (Negotiability) of Cheques ........................................................................ 131
9.5.3 A Stop-Payment Order ........................................................................................................................................... 131
9.5.4 Insufficient Fund Cheques ................................................................................................................................... 134
I. At account holding branch ................................................................................................................................... 136
II. Insufficient fund Cheque presented to other branch ............................................................................... 138
9.6 Customers’ Standing Instructions .......................................................................................................................... 140
9.7 Issuance of Bank Statement ...................................................................................................................................... 141
9.8 Customer account Balance Confirmation ........................................................................................................... 142
9.9 Blocking ............................................................................................................................................................................. 142
9.10 Ticket and Mandate file documentation ............................................................................................................. 144
9.11 Handling of Safe Deposit Box ................................................................................................................................... 145
9.11.1 Opening Safe Deposit Box .................................................................................................................................... 145
9.11.1.1 General condition of renting safe deposit box ................................................................................................ 145
9.11.3 Safe deposit box rental commencement ............................................................................................................... 146
9.11.3 Safe deposit box visiting ............................................................................................................................................... 148
9.12 Request for Changing Signature ............................................................................................................................. 148
9.13 Amendment /Cancellation on LMTS ..................................................................................................................... 151
9.14 Cancellation of Local Money Transfer .................................................................................................................. 152
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