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 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)
Monetary Policy Implementation and Government Debt
Telephone: +45 3363 6661 (Martin Wagner Toftdahl)
Risk Management
Telephone: +45 3363 6075 (Thusjanthan Gunapalasingham)
TargetDKK
Telephone: +45 3363 6903 (Faisel Sethi)