Danish and Latvian debt offices move to two-way CSAs

Cheaper swaps prices have convinced two more DMOs to sign collateral agreements


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

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