Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
b) Writes the system generated permit reference number on the application
and forward to manager customer service for approval.
c) Receives the approved permit from Customer Service Manager;
d) Assigns the correspondent bank on which the draft should be drawn;
e) Authenticates the signature (if the balance is to be debited from the
customer’s account), does preliminary checking and forwards it to the
Checker for further scrutiny;
f) Receives back the application/permit, including the name of the
correspondent bank, and inputs the details into the system;
g) Receives the local currency equivalent in cash/debit from the customer’s
account for the preparation of the draft and forwards it to the Checker;
h) Signs on the draft and forwards it to the Customer Service Manager;
i) Receives the draft from Customer Service Manager, makes the remitter
sign on the back of the file copy and gives it to the customer;
h) Input the MT-103 detail into the system and forwards it to the Customer
Services Officer/Checker if the transfer is made via SWIFT; and
j) Balances her/his cash at the end of the cash hour against the system
balance and deliver the application form/instruction letter to the Branch
Controller, and the cash to the Senior Customer Services Officer.
The Customer Services Officer/Checker
a) Receives the letter of application for foreign exchange from the Customer
service officer-Maker and compares the contents of the document against
the checklist;
b) Checks the letter of application against the prepared document, the
conversion of the counter value of the requested foreign currency,
including related charges, for amounts in her/his discretionary limit;
c) Checks the filled-out MT-103 form, then sign on it for transfers to be
made via SWIFT,
d) Forwards the permit to the Senior Customers Officer-Accounts, together
CATS Procedure | 77