Banking and Markets


Abstract icon Banking and Markets performs tasks within front office, banking as well as risk management and strategy. In addition, it manages central government borrowing and debt.

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

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 and Collateral

  • 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

 

 

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:

Reserve Management and Collateral
Telephone: