Banking and Markets


Abstract icon Banking and Markets conducts the fixed-exchange-rate policy, is banker to the banks, invests and manages the risk on the foreign-exchange reserve, manages the government debt on behalf of the Ministry of Finance and is responsible for payment, settlement and portfolio systems.

Banking

  • Handles various customer relationships and activities with banks, the central government, central banks, etc.

  • Is responsible for ensuring stable settlement of payments over the day and monitoring the smooth progress of the monetary policy day

  • Undertakes a wide range of tasks within settlement, payments and liquidity management

  • Undertakes control and reconciliation of Danmarks Nationalbank's investment of its foreign exchange and securities portfolios and control of issuance and redemption of government securities

  • handles system management of the department's core business applications, Perago, Swift Alliance Access and Calypso

  • manages the department's system ownership responsibilities

  • handles the department's internal and external partners in relation to operations, maintenance and development of the systems.

Monetary Policy Operations and Government Debt


  • Monitors developments in the Danish and global foreign exchange markets and implements the exchange rate policy laid down by the Board of Governors by intervening in the foreign exchange market
  • Monitors the Danish money market and implements the monetary and liquidity policies laid down by the Board of Governors by intervening in the foreign exchange market
  • Sells and buys back domestic government securities, raises foreign government loans, concludes interest rate swaps and undertakes operational management of a number of portfolios
  • Manages risk on the government debt portfolio
  • Manages borrowing by government-owned companies
  • Prepares the publication Danish Government Borrowing and Debt and announcements on central government debt.
     

Reserve Management 

  • Lays down and monitors the investment frameworks for Danmarks Nationalbank's portfolios. These portfolios are the foreign exchange reserve, the holdings of kroner and the gold stock
  • Prepares the framework and lines for management of credit, market and liquidity risk on the portfolios
  • Invests the foreign exchange reserve with a view to achieving the highest possible risk-adjusted return, while observing the limits for, inter alia, liquidity, interest rate and credit risk
  • Prepares policies and frameworks for collateralization.

 TargetDKK

  • ensure migration of Danish kroner payment settlement to the upcoming European payment and securities settlement platform Target Services
  • handle sector collaboration and coordination with account holders on design, implementation and testing of future Target DKK solution
  • consolidate instant payments in Danish kroner on TIPS (Target Instant Payment Settlement)
  • develop functionality in Danmarks Nationalbank's portfolio system for collateral, monetary policy instruments and cash supply.


 

Contact us
settlements@nationalbanken.dk (Back Office)
kronosgroup@nationalbanken.dk (Kronos Group)


Telephone: +45 3363 6701 (Lars Mayland Nielsen)

Banking

Telephone: +45 3363 6902 (Jesper Mærsk)

Monetary Policy Operations and Government Debt
Telephone: +45 3363 6661 (Martin Wagner Toftdahl)

Reserve Management
Telephone: +45 3363 6131 (Thorsten Meyer Larsen)

TargetDKK

Telephone: +45 3363 6903 (Faisel Sethi)