FCI and Middle office: Difference between pages

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imported>Doug Williamson
(Expand definition - source - FCI - https://fci.nl/en/about-fci?language_content_entity=en)
 
imported>Doug Williamson
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''Trade finance - factoring.''
With the front and back offices, the middle (or mid) office completes the key best practice division of duties and responsibilities in the treasury operation.


FCI is a non-profit association and global industry body representing independent factoring companies.
Its basic responsibilities include treasury reporting, accounting for treasury and determining and monitoring the internal treasury control framework.


It was established in 1968.
Many companies may not have operations sizeable enough to require a middle office; in these cases, its role is performed by the back office or the accounting department.




FCI was formerly known as ''Factors Chain International.''
== See also ==
* [[Back office]]
* [[Front office]]


FCI merged with the International Factors Group (IFG) in 2016, retaining the FCI brand for the merged association.
[[Category:Treasury_operations_infrastructure]]
 
 
==See also==
* [[Factoring]]
* [[Trade finance]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 10:16, 7 February 2015

With the front and back offices, the middle (or mid) office completes the key best practice division of duties and responsibilities in the treasury operation.

Its basic responsibilities include treasury reporting, accounting for treasury and determining and monitoring the internal treasury control framework.

Many companies may not have operations sizeable enough to require a middle office; in these cases, its role is performed by the back office or the accounting department.


See also