Mandate: Difference between revisions
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Mandates are a key element of treasury [[controls]] and are an essential mechanism for reducing an organisation's dealing risk. | 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'. | |||
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A bond mandate. | A bond mandate. | ||
5. | |||
Any similar mandate, for example a USPP mandate. | |||
== See also == | == See also == | ||
* [[Assessing the US private placement market from a corporate perspective]] | |||
* [[Board resolution]] | |||
* [[Bond mandate]] | * [[Bond mandate]] | ||
* [[USPP]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Latest revision as of 07:18, 15 April 2019
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.
