Debt Management Office and Standby letter of credit: Difference between pages

Revision as of 18:48, 11 November 2016

(SLOC).

A type of letter of credit:

Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
Drawn upon only in the event of non-performance.

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-''UK''.
+(SLOC).
-(DMO).
+A type of letter of credit:
+*Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
+*Drawn upon only in the event of non-performance.
-An executive agency of HM Treasury.
-The DMO is responsible for carrying out the UK Government's debt management policy by:
+== See also ==
+* [[Advance payment guarantee]]
-*Minimising financing costs over the long term.
+* [[Contingent liabilities]]
-*Taking account of risk.
+* [[Letter of credit]]
-*Managing the aggregate cash needs of the Exchequer in the most cost-effective way.
+* [[Off balance sheet risk]]
-In all cases this is to be conducted consistently with the objectives of monetary and wider policy considerations.
+[[Category:Long_term_funding]]
-== See also ==
+[[Category:Manage_risks]]
-* [[Debt]]
+[[Category:Risk_frameworks]]
-* [[Gilts]]
+[[Category:Trade_finance]]
-* [[HM Treasury]]