• 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

Payments and Back Office

• 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

Portfolio Management and Central Bank Systems (POC)

• 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.

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)

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

Payments and Back Office

Telephone: +45 3363 6903(Faisel Sethi)

Portfolio Management and Central Bank Systems (POC)

Telephone: +45 3363 6902 (Jesper Mærsk)

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

TargetDKK

Telephone: +45 3363 6920 (Karin Lykke Rasmussen)