Home > Middle office > Instruments > Internal procedures manual

AFT’s internal procedural manual has been approved by the Head of the Directorate General of the Treasury, who is AFT’s Chairman. It sets out the standards for conducting transactions, with specific details about the margin-call mechanism for repos and derivatives that enables the State to protect itself against the risk of counterparty default. The procedural manual also has a chapter dealing with risk limits, risk-monitoring procedures and the related reporting requirements. AFT reviews its procedural manual periodically to ensure that it is consistent with developments in its activities. It also submits the manual for comment by the audit firm conducting the annual audit.



Regulations of the Comité de la réglementation bancaire et financière (including CRBF 97-02)  (in French)


MAJ : 06 July 2012