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.
EACT 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.
View MoreWe are delighted to announce that the sixth edition of the Journeys to Treasury report is now available to download.
View MoreThe latest edition contains the second EACT in Action event, treasury in the 'new normal', technological readiness of treasury in the Czech Republic, and more
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