At its semestrial meeting held in Frankfurt on November 19,2002, organised by VDT (Verband Deutscher Treasurers), and six months after its creation, EACT (Euro Associations of Corporate Treasurers) is pleased to announce that two new members join it:

- AITI (Italian Association of Corporate Treasurers)
- GEFIU (German Association of Finance Executives)

Its representativity is thus reinforced as EACT now gathers approximately 3800 members corresponding to about 2900 companies of the euro area.

On the same day, EACT presented to the European Central Bank (ECB) its comments on the STEP (Short Term European Paper) project which will be sent by letter before November 30, as well as its observations on the evolution of payment systems in the euro area.

Its next meetings will be held in the spring of 2003 in Milan or Paris and in the fall of 2003 in Brussels.

Paris, November 26, 2002