We want to respond to the need of a framework which assure treasurers that they evolve in a trustful environment lead by highly recommendable professionals.

1. Applicability

This code of conduct applies to all members of ATEB. Members should accept their personal duty to uphold the reputation of the profession and not take any action which could bring the profession into disrepute. In addition, every member has a professional and collegiate relationship with his fellow members. of ATEB. It is the responsibility of anyone that becomes aware of any breach of this code of conduct by another member, to notify any ATEB board member. Breaches of the code of conduct may also be brought to the attention of the board by others who are not members of ATEB . Based on the facts, the The Board will decide meet in a timely fashion to establish the facts. Ifwhether there effectively is a a breach as well as the severity of the breach. Depending on their Breaches according to their severity, breaches may lead to either temporary or permanent membership suspension The (period is left to the discretion of the Board. For the avoidance of doubt any masculine pronouns are intended to refer to members of either sexgender..

2. Introduction/ Mission

The objective of setting up a code of conduct is to provide a framework of rules/references which assure corporate treasury professionals act in accordance with the highest professional standards. This code of conduct should also help the international community of treasurers to speak with one voice and share their values with internal and external business partners and promote high standards of practice. The values shared in this document should help the reader to identify and prevent conflicts of interest and unacceptable behaviours. It should also give newcomers guidance on how to feel at ease within the treasury world, and should provide benchmarks for members to use for self-evaluation. On top of values that are generally promoted by corporates, we consider that some additional values should be part of the treasurer’s genesespecially apply to the treasury profession. These values should not interfere with corporate ethics nor with any local law and practice.

The treasurer values are:

Honesty / Integrity / Trust / Probity

We refer here to the practice of telling the truth in all circumstances and in a consistent way without omitting to disclose information when available or misrepresenting positions of your community and/or your company. Members should be responsible for using resources adequately, safeguarding assets, demonstratingand demonstrating loyalty to their company, their business relationships and professional associations and should challenge decisions and/or actions that are believed to be against internal and external customers.

The objective is to create an atmosphere of trust, courtesy and confidence amongst professional partners so that they can work together in partnership; particularly, members will respect and value alternative viewpoints and will seek, accept and offer honest criticisms of work.

All members should uphold standards of integrity and fair dealing required for the honest conduct of business and for the effective functioning of the financial markets.

Independent judgment

Has the meaning of employing sound professional judgement on decisions taken, avoiding conflict with private self-interest. This is also relevant when providing advice on financial or technical subjects and we promote the culture of consultation whenever possible.

Competencies

The member is expected to follow technical and professional standards expected of him not only as a member of ATEB but also by virtue of the seniority and responsibility of his position. He should carry out his duties with reasonable care and skill, particularly where his failure to do so could adversely affect members of the public, persons, including bankers, dealing with his employer.

He should favour continuing training and appropriate qualifications to maintain or improve his level of expertise and by doing so, be the leading example for his peers. He will not claim any level of competence that he does not possess.

Confidentiality

The member will always carry information with the level of confidentiality required by the nature of the information but also with the reserve of prudence devoted to sensitive information. He should also follow any corporate disclosure recommendation as long as these are not in breach with legal requirements. He should refrain from disclosing or using for his own purpose or for some other improper purpose confidential information obtained in the course of his employment, in the performance of his duties or through his membership of the professional association or other information which he knows to be of a confidential nature.

Regulatory compliance

The Member should comply with the laws, regulations and conventions of the countries and markets where the member transacts business, including company law, tax law, exchange control regulations, and regulations to protect the interests of the public dealing in financial and similar markets.

The member should also be in compliance with the codes and rules of other professional bodies to which the member belongs.

The member will also seek to comply with anti-discrimination law applicable in their own countries and at least will apply the principles on peoples’ rights to be treated equally regardless of sexgender, race, ethnicity, nationality, sexuality, religion, age and political views

Coaching

Senior members will act as reference member for newcomers by providing advice and recommendation on behavioural and technical aspect of the treasury business. They will also ensure that shared values and practices are correctly understood and applied on day-to-day business. 

Acting with professional and personal integrity

Members will act with integrity and respect in their professional relationships with all colleagues and third party contacts. They will not offer or accept inducement/bribery to secure business. They will avoid injuring others, their property, reputation, or employment by false or malicious or negligent action or inaction. Members will ensure that they have the knowledge and understanding of legislation and that they comply with such legislation, in carrying out their professional responsibilities.

Permanent training

Member should acknowledge that he is responsible for keeping his professional knowledge up-to-date and for that he has also the responsibility to share best practices. To ensure that knowledge and skills are kept current with industry and regulatory developments, continuing professional development is considered to be a critical component of the ongoing competency of members.

Gifts, services and hospitality

The treasurer’s role as a buyer of financial and similar services can cause ethical dilemmas in a number of ways. They can arise if a Member engaged in treasury management is offered hospitality, commissions or gifts or personal services either free or at less than market prices, or if he conducts personal business with a supplier of financial or other services who also conducts or seeks to conduct business with the member’s employer. In such situations a Member should comply with the following principles and rules:

a) He must not accept gifts, services or hospitality in any way which could affect, or which might appear to affect, his judgement or loyalty or the proper performance of his duties.

b) He must avoid any impairment of his integrity and independence of judgement, especially in the choice of parties to deal with on his employer’s behalf.

c) He must ensure that his employer is aware of and has agreed to any personal business that he may conduct with parties who also conduct or seek to conduct business with his employer, and disclose any benefits thereby received or to be received by him.

d) He should maintain appropriate records maintained of entertainment and gifts received and offered by the member and periodic reviews of these records should be conducted by the senior management of the member.