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.
We are delighted to reveal the results of the 2023 EACT survey. Discover the top priorities of 250 group treasurers from European multinationals.
View MoreThe European Association of Corporate Treasurers (EACT) is delighted to welcome a new representative for the Association of German Treasurers (VDT).
View MoreWe are delighted to reveal Merck Group as the winner of the 2023 EACT Award, nominated by VDT.
View MoreThe 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
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