Banking
- Handles various customer relationships and activities with banks, the central government, central banks etc.
- Is responsible for ensuring stable settlement of payments throughout the day and overseeing the smooth progress of the monetary policy day
- Handles a wide range of settlement, payments and liquidity management tasks
- Controls and reconciles Danmarks Nationalbank's investment of its foreign exchange and securities portfolios and controls the issuance and redemption of government securities
- Manages the department's payments and monetary policy instruments system, Perago
- Manages the department's system ownership responsibilities related to portfolio and central banking systems (POC)
- Handles the cooperation with the department's internal and external partners in relation to operation, maintenance and development of the Perago systems.
Financial Market Solutions
- Manages two of the department's critical systems, Swift Alliance Access and Calypso
- Handles the cooperation with the department's internal and external partners in relation to operation, maintenance and development of the two systems
- Develops functionality in Danmarks Nationalbank's system to support portfolio management, central government debt and the provision of collateral for monetary policy loans
- Contributes to the development of Danmarks Nationalbank's systems to support Target Services.
Monetary Policy Implementation and Government Debt
Monitors developments in
the Danish and global money and foreign exchange markets
Implements the fixed exchange rate policy through foreign exchange market intervention, liquidity operations, policy for collateral and monetary policy interest rates
Invests the foreign exchange reserve and domestic securities portfolio to support the fixed exchange rate policy and achieve the highest possible return based on established limits for exposure and investments
Handles government debt strategy and management on behalf of the Ministry of Finance
Sells and buys domestic government securities, raises foreign government loans, enters into interest rate swaps and handles the operational part of the management of a number of portfolios
Grants loans to state-owned companies.
Risk Management
- Determines exposure and investment limits e.g. limits for liquidity, interest rate and credit risks for Danmarks Nationalbank's portfolios. The portfolios cover the foreign exchange reserve and the domestic securities portfolio
- Prepares drafts for Danmarks Nationalbank's guidelines for responsible investment and ensures that Danmarks Nationalbank's portfolios comply with these guidelines
- Is responsible for Danmarks Nationalbank's model for strategic asset allocation and prepares drafts for investment strategy for Danmarks Nationalbank's portfolios. The strategic asset allocation aims to achieve the maximum possible risk-adjusted return within defined limits
- Is responsible for the model for calculation and management of interest rate risk on the government debt
- Follows up on the framework for Danmarks Nationalbank's portfolios and the government debt
- Gathers Banking and Markets' operational risks and incidents and reports to Danmarks Nationalbank's Risk Committee.
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 6661 (Martin Wagner Toftdahl)
Banking
Telephone: +45 3363 6902 (Jesper Mærsk)
Financial Market Solutions
Telephone: +45 3363 6938 (Bjørn Jul Østergaard)
Monetary Policy Implementation and Government Debt
Telephone: +45 3363 6117 (Kristine Rasmussen)
Risk Management
Telephone: +45 3363 6075 (Thusjanthan Gunapalasingham)
TargetDKK
Telephone: +45 3363 6903 (Faisel Sethi)