AGENCE FRANCE TRESOR is tasked with managing the government debt and cash positions under the most secure conditions in the interest of the taxpayer.

• ABOUT US
•    A brief history
•    Activities
•    Organization chart
•    Managing Directors
•    Strategic committee
•    Key figures
• PARTNERS
•    Primary Dealers
•    AMTE
•    Banque de France
• PRACTICAL INFO
•    How to find us
•    FAQ
• GLOSSARY
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•    X
•    Y
•    Z
•    Links

 

• THE STATE BUDGET
•    Budget Bill
•    State financing programme
•    Annual Performance Plans and Reports
•    Stability programme
•    Monthly budgetary situation
• KEY FIGURES
•    Borrowing requirements and funding sources
•    Net cost of debt
•    The State accounts
• LEGAL TEXTS
•    Ordinance of 2 January 1959 establishing the Constitutional bylaw on budget acts
•    Constitutional bylaw of 1 August 2001 on budget acts
•    Article 113 of the 2004 Supplementary Budget Act
•    Decree concerning the issuance of Treasury bonds
•    Article 81 of the 2011 Budget Act

 

•    Definition and scope
• PRODUCTS
•    General information
•    BTFs
•    BTANs
•    OATs
•    OATs for retail investors
•    Stripped government securities
•    OATis and BTANi
•    OAT€is and BTAN€is
•    TEC 10 OAT
•    Tax treatment of government securities
• KEY FIGURES
•    French government yield curve
•    Outstanding government negotiable debt
•    Financing over the year and repayment schedules
•    OATs and BTANs issues and cumulative total
•    French government long- and medium-term negotiable debt
•    Who holds France's debt?
•    Other figures
• DEBT INDICATORS
•    Objectives
•    Average maturity
•    Spreads metric
•    Timing and Allocation indicators
• AUCTIONS
•    Technical aspects
•    Auction indicative calendars
•    Latest auctions
•    Auctions historical data
• ACTIVE DEBT MANAGEMENT
•    Interest-rate swaps
•    Debt buy-backs
•    Monthly operations review
• SECONDARY MARKET
•    The spot market
•    The repo market
•    Trading volume
•    Settlement and delivery procedures
•    The French financial markets
• HISTORICAL DATA
•    French government negotiable debt outstanding
•    Flow of government funding
•    Other historical data
•    Debt management in 20 questions

 

•    Missions
•    Instruments
• MAIN FIGURES
•    Average gross intraday cash flows
•    Breakdown of cash flows
•    Breakdown of AFT's operations
•    Treasury account
•    Revenues
• PERFORMANCE INDICATORS
•    Objectives
•    Average end-of-day balance
•    Interest earned on short-term investments
•    Percentage of local authority financial transactions
• LEGAL TEXTS
•    Decree of 29 December 1962 on public accounting rules
•    Act of 4 August 1993 on oversight of credit institutions
•    Article 26 of the Constitutional Bylaw on Budget Acts
•    Article 117 of the Budget Act
•    Decree of 5 July 2004 on the implementation of Art. 117 of the Budget Act
•    Decision of the Constitutional Court, 29 December 2003
•    Circular of 7 April 2006
•    Circular of 21 November 2006
•    Decree of 27 September 2007
•    Cash management in 10 questions

 

•    Definition
• COVERED RISKS
•    Interest rate risk
•    Counterparty risk
•    Settlement risk
•    Operational risks
•    Exchange-rate risk
•    Performance indicators
•    Organisation
• INSTRUMENTS
•    Internal procedures manual
•    Ethics Charter
•    The AFT's information system

 

• KEY INDICATORS
•    Macroeconomic forecast
•    GDP France, chain-linked previous year prices
•    Euro exchange rate
•    Government budget monthly position
•    Public finance: general government deficit and debt
•    Recent economic indicators
• INTERNATIONAL COMPARISONS
•    General government debt
•    Consumer price index
• KEY DATES
•    Central bank meetings
•    French economic indicators

 

•    Press releases
•    Monthly bulletins
•    Annual reports and annual reviews
•    Subscribe to our publications

 

•   French government negotiable debt outstanding as of 31 Dec. 2011 : 1 312 979 631 881 euros
•   Average maturity as of 31 Dec. 2011 : 7 years and 57 days
•   Tec 10 as of 22 Feb. 2012 : 3.02 %
• Indexation coefficients
•   BTANi / OATi
•   OAT€i
•   OATS FOR RETAIL INVESTORS User guide for retail investors
•   CONTACT US
•   economie.gouv.fr Ministry for the Economy, Finance and Industry website
•   LATEST UPDATES
•   Terms & Conditions
•   Information: Publisher / Host
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•   FAQ
•   Glossary