Bank task

Bank task
  Any procedure/activity which is carried out by the bank. Most bank tasks are related (albeit sometimes indirectly) to a product or service sold by the bank to customers. Bank tasks are the administrative procedures of the branch. For example, an administrative procedure for transferring money abroad on behalf of a customer is a bank task. Bank tasks include both the manual and automated processes which are carried out when executing the bank task.

International financial encyclopaedia . 2014.

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