Mandate: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Link with Bond mandate page.)
(Mend link.)
 
(9 intermediate revisions by one other user not shown)
Line 1: Line 1:
An authoritative command or instruction, for example to a bank by its customer.
1.


More specifically, agreements regulating the dealing relationship between the company and its counterparties, authorising people to conduct transactions, possibly applying limits to the size of deals and procedures concerning settlement, and regulating the opening and closing of transactions.
An authoritative command or instruction, for example one given to a bank by its customer.


Mandates are a key element of treasury controls and are an essential mechanism for reducing the company’s dealing risk.


2.


An account (or bank) mandate completed by a customer to open a new bank account. The mandate specifies which individuals in the customer organisation are authorised to act on the account, in what capacity and up to what limits.
3.
Agreements regulating the dealing relationship between an organisation and its counterparties, authorising people to conduct transactions, possibly applying limits to the size of deals and procedures concerning settlement, and regulating the opening and closing of transactions. 
Mandates are a key element of treasury [[controls]] and are an essential mechanism for reducing an organisation's dealing risk.
Also known as 'dealing mandates'.
4.
A bond mandate.


== See also ==


* [[Bond mandate]]
5.


Any similar mandate, for example a USPP mandate.




==Other links==
== See also ==
[http://www.treasurers.org/node/7973 Bank Mandates, Will Spinney, ACT 2012]
* [[Assessing the US private placement market from a corporate perspective]]
* [[Board resolution]]
* [[Bond mandate]]
* [[US private placement]]


[[Category:Cash_Management]]
[[Category:Compliance_and_audit]]
[[Category:Managing_Risk]]
[[Category:Risk_frameworks]]
[[Category:Control_and_Reporting]]
[[Category:Treasury_operations_infrastructure]]

Latest revision as of 15:00, 29 July 2024

1.

An authoritative command or instruction, for example one given to a bank by its customer.


2.

An account (or bank) mandate completed by a customer to open a new bank account. The mandate specifies which individuals in the customer organisation are authorised to act on the account, in what capacity and up to what limits.


3.

Agreements regulating the dealing relationship between an organisation and its counterparties, authorising people to conduct transactions, possibly applying limits to the size of deals and procedures concerning settlement, and regulating the opening and closing of transactions.

Mandates are a key element of treasury controls and are an essential mechanism for reducing an organisation's dealing risk.

Also known as 'dealing mandates'.


4.

A bond mandate.


5.

Any similar mandate, for example a USPP mandate.


See also