Danish and Latvian debt offices move to two-way CSAs


The Danish and Latvian debt management offices (DMOs) have both decided to post collateral to their derivatives dealers, after concluding they will get better prices as a result – the same rationale cited by the Bank of England (BoE) when it announced plans to sign two-way credit support annexes (CSAs) in June 2012. Both DMOs were first reported to be considering the move in February last year.

According to a December 13 policy statement from the Danish DMO, the switch to bilateral collateral ag