Mandate: Difference between revisions
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imported>Doug Williamson (Expand to clarify first definition.) |
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An authoritative command or instruction, for example to a bank by its customer. | An authoritative command or instruction, for example one given to a bank by its customer. | ||
Revision as of 14:44, 3 February 2017
1.
An authoritative command or instruction, for example one given to a bank by its customer.
2.
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.
3.
A bond mandate.
See also
