負債 管理／経営 office

By This Is Money
Updated: 10:49 BST, 16 April 2008

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The Daily Mail City Team explain 負債 管理／経営 office

What is it?

It sounds like the place you would go if you were struggling with the mortgage. But 現実に it was spun out of the Bank of England in 1998 to help the 政府 in its 追求（する），探索（する） to find the most cost 効果的な way to 財政／金融 its 予算 赤字.

Now part of the 財務省, it is operated at arm's length from 大臣s, but 固執するs to 政策s 始める，決める out by the （ドイツなどの）首相／（大学の）学長 of the exchequer.

How does it do it?

Its main 道具 are 社債s, and not the 007 type. It raises 基金s by selling gilts, which are 政府 社債s that 円熟した at different points in the 未来, 申し込む／申し出ing 変化させるing 利益／興味 率s and 危険.

This year it is auctioning off £58.4bn in 財務省 gilts with £10bn short 称する，呼ぶ／期間／用語, the same 量 of medium 称する，呼ぶ／期間／用語, and £23.4bn long 称する，呼ぶ／期間／用語, not forgetting £15bn 索引 linked. It is a 堅い balancing 行為／法令／行動する to 持続する 需要・要求する and 確実にする enough 基金s flow in to 許す the 国庫 to keep UK PLC ticking over.

Why do we care?

The DMO 発表するd yesterday the 量 of gilts it will be auctioning in its 最新の auction will be £2.25bn of 4.75% 財務省 gilts 時代遅れの 2030. So now is the time to reach for the cheque 調書をとる／予約する if you are in the 財務省 社債 market. Most are snaffled by 基金 経営者／支配人s, but individuals can 企て，努力，提案 as long as they are on the DMO's 認可するd 名簿（に載せる）／表（にあげる）.