Business Activities

The business activities of the team include:

Short-Term Liquidity Management out to two years

Our primary role is to ensure efficient liquidity management across our Treasury operations in Frankfurt, Tokyo, New York and Dublin. We provide timely and accurate product pricing to our internal sales team, as well as all our external banking counterparts.

Funding Activities

We co-ordinate the funding requirements of the main DEPFA centres in conjunction with the longer term debt issuance activities in the international bond markets.

Repo Market Funding

We have taken advantage of our role in public sector lending, and the assets that this generates, to consistently develop our bond Repo activity, both through bi-lateral, tri-party and central bank Repo arrangements. As such we have become one of the prime participants in the international Repo markets.

All Short-Term Debt Issuance Programmes

• Euro Commercial Paper Programme
• US Commercial Paper Programme
• Yankee CD Programme
• French CD Programme
• EUR-Dollar CD Programme
• French CP Programme
• Swedish Domestic CP Programme
• Canadian Domestic CP Programme

Foreign Exchange

We continue to play an active role in the global Foreign Exchange Swaps market, monitoring arbitrage opportunities and managing liquidity in order to enhance value across our funding requirements and financial centres.

Hedging Risk Requirements

We take a pro-active approach to the use of Money Market derivatives to ensure effective management of both liquidity and interest rate risk exposure.