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This document serves as a mandate for clients to authorize Fincent Securities to manage their corporate account, including the buying and selling of securities on their behalf under specific conditions.
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How to fill out non-discretionary corporate account mandate

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How to fill out non-discretionary corporate account mandate

01
Step 1: Gather required documentation, including the company registration details and identification of authorized signatories.
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Step 2: Obtain the non-discretionary corporate account mandate template from your bank.
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Step 3: Fill in the company name, registration number, and address on the mandate form.
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Step 4: List the names and positions of each authorized signatory in the specified section.
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Step 5: Clearly state the limitations of authority, if applicable, such as transaction limits.
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Step 6: Include any specific instructions regarding account management and usage.
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Step 7: Ensure all signatories sign the mandate where indicated.
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Step 8: Submit the completed form and required documentation to the bank for processing.

Who needs non-discretionary corporate account mandate?

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Corporations and businesses that want to open a corporate bank account with limited authority given to signatories.
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Companies that need clear guidelines on how financial decisions are made within the organization.
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Entities that require a structured approach to manage company funds without discretionary powers given to signatories.
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A non-discretionary corporate account mandate is a legal document that specifies the authorized representatives of a corporate entity who are permitted to make decisions and transactions on behalf of the corporation, without granting them discretionary powers for unilateral decision-making.
Typically, businesses and corporations that wish to open corporate bank accounts or investment accounts are required to file a non-discretionary corporate account mandate, particularly if they want to specify the individuals authorized to act on behalf of the company.
To fill out a non-discretionary corporate account mandate, you need to provide details of the corporate entity, including its name, registration number, and address, as well as the full names and signatures of the authorized representatives. The document may also require the company's corporate seal or stamp.
The purpose of a non-discretionary corporate account mandate is to clearly define the authority of individuals within the corporate entity regarding banking or investment transactions, ensuring proper governance and control over corporate funds.
The information that must be reported on a non-discretionary corporate account mandate typically includes the corporate entity's legal name, registration details, the identity of authorized signatories, their roles, and any specific limitations on their authority when managing the corporate account.
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