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Finance Dictionary and Glossary of Investment Terms
Back Office
Definition 1.
Administration and support personnel in a financial services company. They carry out functions like settlements, clearances, record maintenance, regulatory compliance, and accounting.
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Definition 2.
Definition 1
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Definition 3.
Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. Allwritten confirmation and settlement of trades, record keeping, and regulatory compliance happen in the back office.
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