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Back office

• Is the area or function which relates to the processing, record keeping, and other operational aspects of transactions for financial firms. This compares to Front Office and Middle Office.

• Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. Includes all written confirmation and settlement of trades, record keeping and regulatory compliance.

 
 Embedded terms in definition
 Compliance
Confirmation
Front office
Middle office
Securities
Settlement
Support
Trading
 
 Related Terms
 Back contracts
Back discount rate
Back end load
Back end loan fund
Back fee
Back spread or backspread
Back to back financing
Back to back loan
Back up
Buy back
Front office
Middle office
Sale and lease back
Swap buy back

<< Back fee Back spread or backspread >>

Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

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