Foundation entry point50 min guided lesson
From mandate to order: the front office and its dependencies
Learn the idea first. Then see a model, walk through a case, practise with support and test recall.
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lesson progress
1. Learn the idea
A mandate is the contract between an asset owner and a manager: objective, benchmark, permitted instruments, risk limits and reporting expectations. Portfolio managers construct positions inside those constraints; compliance rules encode them so that a breaching order is stopped before execution rather than unwound after it.
What you will be able to do
- • Describe how a mandate constrains portfolio decisions
- • Trace the path from investment decision to executable order
- • Identify the data the front office depends on from operations
Total portfolio approachCustody vs administration