Warrants. The management under financial mandate allows to take the opportunity of a professional expertise. The mandated administration allows professional expertise to be exploited. A mandate is a type of contract involving a client (the client) and an agent (financial institution). It is an agreement to delegate the management of financial transactions to a professional. The agent will make management decisions on behalf of the client. It is often the purchase and sale of securities on the stock exchange. The mandate cannot be issued without the authorization of the Financial Markets Authority, which gives the agent approval for its management activities. The latter then has every opportunity to manage his client`s equity portfolio. However, specific guidelines should be defined beforehand on the nature of the transfer: the extent of the risks to be taken, the type of financial transactions authorized, the form of the relationship with the client, the remuneration of the agent, the type of contract that binds them (duration, judgment, renewal).
Definition of the term mandate A mandate is a type of contract involving a client (the client) and an agent (financial institution). It is an agreement to delegate operations management to a professional….