Back office and Value dating: Difference between pages

Revision as of 19:49, 2 July 2017

Banking

The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.

Used by banks in some countries as an indirect method of earning fees.

It can be applied to all methods of payment both forwards and backwards in time.

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-The part of the treasury organisation that administers and supports the trading activities of the treasury front office.
+''Banking''
-The back office’s main functions are to process, confirm, verify, settle, reconcile and record financial market transactions.
+The practice of dating a customer transaction at some date other than the date at which the bank itself lost or gained value.
-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.
+Used by banks in some countries as an indirect method of earning fees.
+It can be applied to all methods of payment both forwards and backwards in time.
-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.
 == See also ==
-* [[Front office]]
+* [[Back value date]]
-* [[Middle office]]
+* [[Forward value date]]
+* [[Value]]
+* [[Value date]]
-==External linkls==
-[http://www.treasurers.org/node/8446  Masterclass: Segregation of duties]  Treasurer article;  www.treasurer.org
-[[Category:Treasury_operations_infrastructure]]