The Public Debt Management Newtwork
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Organization of Debt Management Offices

During the last decade, an increasing number of OECD countries transferred the responsibility for the execution of public debt management to a unit within the Ministry of Finance or to a separate debt management office, in some cases even a private agency. Functions related to debt management, going from registration to market operations, can be executed by one office or distributed among different offices. On the lines of private financial institutions, functions are usually organised in a back, middle and front office. The back office is dealing with registration and administration. The middle office makes analysis and studies and the front office interacts with the market.

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