Cryptocurrency Q&A
What is a cob in a bank?
What is a cob in a bank?
DigitalLegendGuard
Sun Nov 10 2024
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6 answers
1536
I'm trying to understand the term 'cob' in the context of banking. Could someone explain what a cob is and how it relates to banking operations or transactions?
6 answers
CryptoWanderer
Tue Nov 12 2024
It ties up most of the loose threads from the bank's activities throughout the day.
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CryptoPioneer
Tue Nov 12 2024
During COB, the IT department in a bank is exceptionally busy.
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DavidJohnson
Tue Nov 12 2024
Core banking processes continue until the close-of-business (COB).
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Claudio
Tue Nov 12 2024
This is because various technological tasks need to be completed to ensure the bank's systems are updated and functioning correctly.
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CryptoWizardry
Tue Nov 12 2024
COB serves as a pivotal point in the daily operations of a bank.
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