Middle office: Difference between revisions
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imported>Charles Cresswell No edit summary |
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* [[Back office]] | * [[Back office]] | ||
* [[Front office]] | * [[Front office]] | ||
[[Category:Treasury_operations_infrastructure]] |
Revision as of 17:24, 18 June 2013
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.