EU Federation for the Factoring and Commercial Finance Industry
A division of IFG SCRL
II - In-house lobbyists and trade/business/professional associations
Trade and business associations
Avenue Reine Astrid, 452
Mr Erik Timmermans
Vice Chairman, Executive Committee Member
Mr John Gielen
The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It is composed of national and international industry associations that are active in the EU.
The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF, acts as a platform between the factoring and commercial finance industry and key legislative decision makers across Europe bringing together national experts to speak with one voice.
The EUF offers itself as a source of reference and expertise between the factoring and commercial finance industry and key legislative decision makers across Europe. Its aim is to provide legislators and policy makers with vital industry information to inform, influence and assist with the direction of existing and future finance legislation with a view to ensuring the continued provision of prudent, well structured and reasonably priced finance to businesses across the EU.The EUF members represents 97% of the European Industry turnover in the Factoring and Invoice Finance business.
The Factoring and Commercial Finance Industry has a valuable role to play in the EU economy and the EUF will work to engage in debate with regulators and legislators, to ensure they are fully aware of the benefits that the Industry has to offer within current financial markets.
Monitor of all EU regulatory and legislative change that may impact upon the Factoring and Commercial Finance Industry and interaction with relevant bodes as required.
To represent the Industry with EU
policy makers and to promote harmonization
in the EU legal, fiscal and
• To promote an understanding of the
benefits of Factoring, Receivables
financing and ABL as a first choice
flexible form of growth finance from
• To gather information and publish
papers and statistics, on industry related
• To observe law and EU Policy
initiatives affecting the Industry and
to lobby in favour of policies that can
support the growth and effectiveness
of the Industry or lobby against initiatives
that would create barriers for
the Industry’s growth or negatively
influence the provision of this effective
and efficient form of finance for business
• To encourage the establishment of
Factoring and Commercial Finance
activities in EU countries
The EUF executive Committee has eight members and an executive chairman. The EUF comprises 16 members, representing c. 200 European business providers
|No accredited persons|
The EUF comprises a number of 14 EU member state national trade associations, together with two international global trade organisations, IFG and FCI. details of all members are visible on the EUF website.
01/2014 - 12/2014
100,000 € - 199,999 €
No funding received from the EU institutions during the last closed financial year.
Membership fees are weighted to the number of corporate members of each constituent EUF member trade association, subject to a maximum cap, ensuring that the costs of membership reflect the scale of the industry in each constituent country.
By its registration the organisation has signed the Transparency Register Code of Conduct.