A professional who records security transactions, such as purchases and sales, stock dividends and splits, conversions, and redemptions. Respnsibilities include:

• Issues receipts for securities received from customers.
• Prepares transmittal papers or endorsements for securities sold to ensure payment, transfer, and delivery.
• Issues vault withdrawal orders at customer request.
• Computes dividends to be disbursed to customers.
• Writes letters to customers to answer inquiries on security transactions.
• May prepare reports on individual customer accounts.