Mandate*

A set of official instructions describing the Deposit Insurer’s roles and responsibilities. There is no single Mandate or set of Mandates suitable for all Deposit Insurers. When assigning a Mandate to a Deposit insurer, jurisdiction-specific circumstances must be taken into account. Mandates can range from narrow “paybox” systems to those with extensive responsibilities, such as preventive action and loss or risk minimisation/management, with a variety of combinations in between. These can be broadly classified into four categories: Paybox, Paybox plus, Loss Minimiser and Risk Minimiser.