Mandate: Difference between revisions
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Mandates are a key element of treasury controls and are an essential mechanism for reducing the company’s dealing risk. | Mandates are a key element of treasury controls and are an essential mechanism for reducing the company’s dealing risk. | ||
== See also == | |||
* [[Bond mandate]] | |||
Revision as of 10:27, 7 November 2013
An authoritative command or instruction, for example to a bank by its customer.
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.
Mandates are a key element of treasury controls and are an essential mechanism for reducing the company’s dealing risk.
See also
