Seven-Figure World Wonder

dcfca
Tue, 18 Apr 2006 18:08:51 +0000

What’s front/middle/back office?



Back office-
http://about.reuters.com/productinfo/s/Back_office/



The back-office is a term used to describe the staff responsible for processing trades in a financial institution. They handle settlement, clearing, regulatory compliance, accounting and cash management procedures.



Middle office-



The Middle-office monitors and manages an institution’s risk exposures. In order to manage global market and credit risk, the Middle-office liaises closely with the front-office, responsible for trading operations, and also with the back-office which handles delivery, settlement and regulatory procedures.

http://about.reuters.com/productinfo/s/middle-office/

Front Office-
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