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Profile of registrant

EU Federation for the Factoring and Commercial Finance Industry

Identification number in the register: 39275004756-35
Registration date: 13/12/10 13:18:41

The information on this organisation was last modified on 16/11/13 18:49:29
The date of the last annual update was 16/11/13 18:49:29


Registrant : Organisation or self-employed individual

Name/company name: EU Federation for the Factoring and Commercial Finance Industry
Acronym: EUF
Legal status: A division of IFG SCRL
Website address: http://euf.eu.com

Sections

Section: II - In-house lobbyists and trade/professional associations
and more precisely: Trade, business & professional associations

Person with legal responsibility

Surname, Name: Mr  Erik Timmermans
Position: Executive Committee Member

Permanent person in charge of EU relations

Surname, Name: Mr  John Gielen
Position: Independent Chairman

Contact details:

Contact details of organisation's head office: 452 Avenue Reine Astrid 
Kraainem BE-1950
BELGIUM
Telephone number: (+32) 27726969
Fax number: (+) 
Other contact information: The EUF may be contacted care of the Secretariat of the International Factors Group at this address

Goals / remit

Goals / remit of the organisation: 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.
The organisation's fields of interests are:
  • European

Number of persons engaged in activities falling under the scope of the Transparency Register

Number of persons: 8
Complementary information: The EUF executive Committee has eight members and an executive chairman. The EUF comprises 16 members, representing c. 200 European business providers

Persons accredited for access to European Parliament premises

No accredited persons

Activities

Main EU initiatives covered the year before by activities falling under the scope of the Transparency Register:


To represent the Industry with EU
policy makers and to promote harmonization
in the EU legal, fiscal and
regulation environment
• To promote an understanding of the
benefits of Factoring, Receivables
financing and ABL as a first choice
flexible form of growth finance from
companies
• To gather information and publish
papers and statistics, on industry related
subjects
• 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

Fields of interest for e-mail alerts on consultations and roadmaps;

Fields declared by the organisation:
  • Competition
  • Economic and Financial Affairs
  • Enterprise
  • Taxation
  • Trade

Networking

Information on (i) organisation's membership of any associations/federations/confederations or (ii) relationships to other bodies in formal or informal networks.




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 memebrs are visible on the EUF website.

Financial data

Financial year: 12/2011 - 12/2012
Estimated costs to the organisation directly related to representing interests to EU institutions in that year: 100000  € - 150000  €
Amount and source of funding received from the EU institutions in financial year n-1 of registration
Procurement: 0 €
Grants: 0 €
Other (financial) information provided by the organisation:

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.

Code of conduct

By its registration the organisation has signed the Transparency Register Code of Conduct.