Debt Management Office: Difference between revisions
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imported>Doug Williamson (Amend link.) |
imported>Doug Williamson (Add definition - source - World Bank - p3 - https://thedocs.worldbank.org/en/doc/4de3839b85c57eb958dd207fad132f8e-0340012022/original/WB-GSS-Bonds-Survey-Report.pdf) |
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(DMO). | |||
1. ''Public debt - sovereign issuance.'' | |||
An agency with responsibilities for managing the debt of a sovereign issuer, usually a country. | |||
2. ''UK''. | |||
An executive agency of HM Treasury. | An executive agency of HM Treasury. | ||
The DMO is responsible for carrying out the UK | The DMO is responsible for carrying out the UK government's debt management policy of: | ||
*Minimising financing costs over the long term | *Minimising financing costs over the long term, taking account of risk. | ||
*Minimising the cost of offsetting the UK government's net cash flows over time. | |||
* | *Operating within a risk appetite approved by UK government ministers. | ||
| Line 19: | Line 24: | ||
* [[Gilts]] | * [[Gilts]] | ||
* [[HM Treasury]] | * [[HM Treasury]] | ||
* [[Risk]] | |||
* [[Risk appetite]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 21:14, 30 December 2022
(DMO).
1. Public debt - sovereign issuance.
An agency with responsibilities for managing the debt of a sovereign issuer, usually a country.
2. UK.
An executive agency of HM Treasury.
The DMO is responsible for carrying out the UK government's debt management policy of:
- Minimising financing costs over the long term, taking account of risk.
- Minimising the cost of offsetting the UK government's net cash flows over time.
- Operating within a risk appetite approved by UK government ministers.
In all cases this is to be conducted consistently with the objectives of monetary and wider policy considerations.
