[ Mandate ]
  [ Procedures ]
  [ Benefits ]
  [ Examples ]
It is the contract which sets up the relationship between the settlor (individual or partnership and/or corporation) and the trust company. Once the mandate has been given, the trust company assumes possessory title of the assets on behalf of the settlor even if it cannot manage them without written instructions.

Here are some examples of how Carini operates

In case of equity investments in different companies, the settlor may give a separate mandate for each transaction he wishes to open with the trust company. The mandate may also be given by several settlors. In this case a separate equity investment of the settlors may be established and they may be given different rights (e.g. remainder interest, usufruct, etc.)


For information
Settlors may pick one of the following procedures for giving the mandate:

Disjoint Mandate
Any right, obligation or power over the assets which are the subject of the mandate may be exercised by and towards each settlor limited to his unit.
Joint Mandate
Any right, obligation or power over the assets which are the subject of the mandate may only be exercised by and towards all settlors.
Joint and Several Mandate
Any right, obligation or power over the assets which are the subject of the mandate may be exercised by and towards each settlor in its entirety.