Curious about Collateral Adminstration

Hello guys,

So, i was browsing through some financial firms in my area (i'm still an undergrad trying to build up my experience) and came across a firm specializing in collateral adminstration for fixed income. I am just curious about exact what kind of services entail under "Collateral Adminstration"? Is it just pushing through files all day?

Any input is appreciated. thanks!

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