22 November 1996 can be considered the date of the establishment of the Slovak Association of Finance and Treasury. On that day, under the auspices of the Minister of Finance Sergej Kozlík, Governor of the National Bank of Slovakia Vladimir Masár, President of the Federation of Employers’ Associations Michal Ľach, and in cooperation with the AFTE (Association Francaise des Trésories dEnterprices), Slovak Banking Association and the University of Economics in Bratislava, the establishing meeting of a professional association for executives working across all aspects of treasury and financial risk management took place. The first impetus for its creation came from Ing. Vladimír Valach, Slovak Ambassador in Paris and President of the French – Slovak Chamber of Commerce, and Patrick Mesnard, Director of the Division of Economy and Procurement of the joint-stock company Chemlon Humenné, who mediated contacts with the AFTE and its President François Schlumberger. On 28 January 1997 the SAF was registered with the Ministry of Interior of the Slovak Republic.