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Welcome to the eighth video in the series on back office settlement shifts and reconciliation. This video covers various functions of the back office such as trade pre-matching, trade settlement, and trade reconciliation. It also discusses the sets used in the back office and the reconciliation process for cash and stock. The back office is an essential part of the trade life cycle, supporting the settlement of executed trades before, on, and after the settlement date. It facilitates functions necessary for trade settlement and can be categorized into trade pre-matching, trade settlement, and cash and stock reconciliation. Additionally, back office performs accounting and finance functions and acts as a link between depository and broker.