2nd October 2019

hsbc
15

What is sod in banking?

Secured Overdraft is a revolving overdraft facility that is secured by assets pledged to the Bank. The Secured Overdraft allows you the following benefits: Provides flexibility of managing any short-term cash flow needs without compromising your long-term financial plans.

Similarly, you may ask, what is EOD and BOD?

One of the main tasks carried out by the Fund Manager is performing the End of Day (EOD) and Beginning of Day (BOD) activities. These activities perform important functions in the system, and prepare it for the next business day.

What does sod stand for in business terms?

What does SOD stand for?
Rank Abbr.Meaning
SODSeparation of Duties
SODStart of Day
SODSummary of Deposits (US FDIC)
SODSupervisor on Duty

What is the meaning of EOD in banking?

EOD traditionally is around 5:00 p.m., the end of the standard workday, but can vary depending on the time zone that the person or company is located in. Most often used in the abbreviated form when written, and in the longer form when spoken.
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