Mandate and Mutually exclusive: Difference between pages

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imported>Doug Williamson
(Reference dealing mandates expressly.)
 
imported>Doug Williamson
(Classify page.)
 
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1.
Events which cannot occur at the same time.


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


==See also==
*[[Probability]]


2.
[[Category:The_business_context]]
 
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 ==
* [[Board resolution]]
* [[Bond mandate]]
 
[[Category:Compliance_and_audit]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Treasury_operations_infrastructure]]

Latest revision as of 20:16, 1 July 2022

Events which cannot occur at the same time.


See also