Dutch Association of Corporate Treasurers

OBJECTIVE
Since 22 November 1996 there has been a national corporate treasurers organisation in the Netherlands, currently named DACT. At the time of writing DACT has 320 members approx., including treasurers of smaller companies and multinationals. DACT also encourages treasurers of municipalities and non-profit organisations to join DACT to take part in new developments in their field.

DACT seeks to advance the development of treasury as a discipline in the Netherlands by:

- promoting the development of the field in a general sense;
- publishing or helping others to publish articles and reports on treasury;
- organising meetings for members;
- maintaining national and international contacts with umbrella and sister organisations and associated groups;
- taking positions where necessary or useful;
- pursuing a member policy such that the membership file is representative of Dutch treasury circles.

PO Box 65707
2506 EA DEN HAAG
The Netherlands
T: +317-03629402
: +317-4273263

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http://www.dact.nl

Last Updated ( Wednesday, 18 June 2008 )

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Use of IBAN and BIC in European Credit Transfers – Public Consultation

The EPC Customer Stakeholder Forum (CSF) representing the EPC and customer organisations acting on a European level have prepared a set of questionnaires to investigate the actual experience of users inputting the IBAN and the BIC.

IBAN is a problem in a number of countries who still use old bank coordinates. The two main reasons for this are that IBAN is not yet mandated by national law in these countries, and that they do not have the IBANs for their suppliers and IBANs cannot be safely obtained from BBAN by a safe algorithm.

The first problem will be solved when the SEPA end date is fixed. The second, however, requires cooperation among customers, suppliers and banks and, possibly, a smart solution like the one implemented in Italy where corporates receive IBAN updates directly from banks.

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