All in the line of duty (TT JulAug02 p28-30)

The UK Debt Management Office (DMO) is the Treasury’s treasury. Since April 2000, we have been responsible for managing the Government’s daily cashflow, placing or borrowing an average of £0.5bn a day in the sterling money markets – sometimes much more than that. This article explains what the DMO’s cash management task is and how we approach it.