Back Office
4 definitions

Back Office

The department in a financial institution that processes and deals and handles delivery, settlement, and regulatory procedures.

Back Office

Department responsible for the financial handling of trading operations.

Back Office
"Back office": The part of the treasury organisation that administers and supports the trading activities of the treasury front office. The back office's main functions are to process, confirm, verify, settle, reconcile and record financial market transactions. The back office is also responsible for ensuring that the organisation's treasury management policy and controls are followed, as well as ensuring general compliance with rules and regulations. In a more general sense, the term refers to all administrative functions that support an organisation and includes areas such as payroll and expenses, accounts payable, accounts receivable and accounting.
Back Office
as defined in CFA Glossary

Administrative functions at an investment firm, such as those pertaining to transaction processing, record keeping, and regulatory compliance.

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About this term

Back Office has been defined 4 different ways in documents like A Guide to the Language of the Futures Industry, Energy, Utilities & Mining Glossary, Glossary of Terms, and 1 more.

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