A professional who receives matured bond coupons from bank departments, local banks, and customers to effect collection on cash basis, or for payment when future collection is made. Respnsibilities include:

• Examines coupons presented for payment to verify issue, payment date, and amount due.
• Enters credit in customer's passbook or into computer system, for coupons accepted for payment.
• Liquidates collection payment by debiting and crediting accounts.
• Issues checks to bond owners in settlement of transactions.
• Totals and proves daily transactions, using adding machine or calculator.
• Composes, types, and mails correspondence relating to discrepancies, errors, and outstanding unpaid items.
• Totals outstanding unpaid cash coupons, using adding machine or calculator, and records amounts in ledgers or into computer system.