cashier's department

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Cashier's Department

A department at a brokerage responsible for receiving and distributing funds, as well as maintaining records. The cashier's department enables the rest of the brokerage to function, especially by keeping records of dividends and other payouts and receiving payments from clients. It is informally called the cage.

cashier's department

The division of a broker-dealer operation in which security certificates are processed, checks are sent or received, and dividend and interest records are kept. Essentially, the cashier's department handles the broker-dealer's money and paperwork. Also called cage.
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He said he left the Warwick Road petrol station to get change for the cashiers department.
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One casino recently scored a 1 for problems in the cashiers department that occurred during the review.
Colleagues at Gwynedd council also paid tribute to Miss Jones who worked in the cashiers department at Penrallt.
Mauro will work closely with capital markets, stock loan, the cashiers department and all other areas of the firm to insure our financing meets our liquidity and cost objectives.