Mandate: Difference between revisions
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1. | |||
An authoritative command or instruction, for example to a bank by its customer. | An authoritative command or instruction, for example to a bank by its customer. | ||
Mandates are a key element of treasury [[controls]] and are an essential mechanism for reducing | 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. | |||
Revision as of 21:27, 1 June 2016
1.
An authoritative command or instruction, for example 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
