The signatories of this paper believe it is critically important that the transition period for third country benchmarks under the Benchmarks Regulation (BMR) should be extended beyond the end of 2021 to end-2025. Non-financial companies rely on third country financial benchmarks to hedge financial risks arising from their commercial activities. This is for instance the case with non-deliverable forward FX contracts. Extending the transition period for use of third country benchmarks in the EU – thereby allowing for more time to reform the BMR – would avoid the disruptive impact a prohibition on use of such rates would have on corporate commercial risk mitigation activities.
The EACT is pleased to invite its members for nominations for the 4th EACT Award.
View MoreThis year marks the 15th anniversary of the Association of Polish Corporate Treasurers. The 20th August, 2007 is the foundation day of the Association
View MoreEACT Award 2022: And the Winner is... For the 3rd year in a row, the EACT recognises a project realised within the European Treasury Community.
View MoreWe wish you and your loved ones a happy holiday season and a new year filled with joy, prosperity and happiness.
View MoreThe European Association of Corporate Treasurers (EACT) announces the appointment of François Masquelier as its new Chair as from October 1st.
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