Agence France Trésor (AFT) manages the State’s cash requirements so that it can meet its financial commitments at all times, whatever the circumstances. Although it varies over the course of the year, on a day-to-day basis this cash management role involves updating forecasts of the receipts and disbursements of the State and Treasury correspondents and monitoring the outturn of flows into and out of the account in order to be able to meet any temporary cash requirements. AFT is tasked with managing debt in the taxpayers’ best interest. In that context, its strategy is to take a long-term view, while tracking the market closely. It promotes liquidity across the full range of its debt issuances, while maintaining full transparency and a commitment to combining innovation and security. AFT is an agency with national scope (SCN) that reports to the Minister for the Economy and Finance and the Director General of the Treasury. AFT has access to the information and resources needed to carry out its activities, particularly as regards navigating complex financial markets and maintaining close relations with all financial stakeholders. AFT has 38 staff members, comprising 16 women and 22 men. There are 13 contract employees and 25 civil servants. Staff serve in operational functions (cash management, market transactions, risk management and back office procedures, information technology), analytical functions (modelling, economics and law) and communication functions. AFT staff come from a wide range of educational backgrounds and career paths and share the same values as those of the Treasury, namely commitment, loyalty, openness and team spirit. All staff adhere to strict commitments with regard to professional ethics.
