May 31, 2005
Press Release

During its 2005 Annual Ordinary General Meeting held in Vienna on May 21, the EACT Board of Directors agreed to admit five new members: ACT (United Kingdom), CAT (Czech Republic), HTC (Hungary), SAF (Slovakia), SCTA (Slovenia). EACT now represents 4300 groups/companies and gathers 7600 corporate treasurers and financiers.

EACT (European Associations of Corporate Treasurers) now includes 15 corporate treasurers associations of the European Union:
 
ACT, The Association of Corporate Treasurers (United Kingdom)
AFTE, Association Française des Trésoriers d'Entreprise  (France)
AITI, Associazione Italiana Tesorieri d’Impresa (Italy)
ASSET, Asociacion Espanola de Financieros y Tesoreros de Empresa (Spain)
ATEB, Association of Corporate Treasurers in Belgium (Belgium)
ATEL, Association des Trésoriers d'Entreprise à Luxembourg (Luxembourg)
CAT, Czech Association of Treasurers (Czech Republic)
DACT, Dutch Association of Corporate Treasurers (Netherlands)
ForumFinanzenAustrian CFO and Treasury Association OPWZ (Austria)
GEFIU, Gesellschaft für die Finanzwirtschaft in der Unternehmensführung (Germany)
HTC,  Hungarian Treasury Club (Hungary)
IACT, Irish Association of Corporate Treasurers (Ireland)
SAF, Slovak Association of Finance and Treasury (Slovakia)
SCTA, Slovenian Corporate Treasurers Association (Slovenia)
VDT, Verband Deutscher Treasurer (Germany)
On the same day, the EACT Board of Directors approved its annual 2004 report clearly showing its increased involvement by European Authorities on topics such as SEPA (Single European Payment Area), MiFiD implementation measures, IAS 39, Ratings Agencies Standard Code of Practices.

It reelected its Officers of the Board:

- Pierre Poncet, AFTE as Chairman
- Cino Ricci, AITI as Deputy Chairman
- Jimmy Doyle, IACT as Treasurer
- François Masquelier, ATEL as Secretary

On the very important question of payments harmonization in the European Union, EACT discussed and approved the position on SEPA which will be presented to the ECB in June 2005. It also prepared its comments to be sent to the EU Commission on specific points of the NLF (New Legal Framework) project. These comments and position papers have been worked out in close cooperation with the EACT members and thus represent the views of a very substantial number of industrial, commercial and service companies in the European Union.  

For further information, you may visit our website www.eact-group.com  or send an email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or contact:

EACT
Pierre Poncet
EACT Chairman
20 rue d’Athènes
F 75 009 Paris
Phone : ++ 33 (0)1 42 81 98 41