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DMO

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

More terms

Custodian bank

Learn what a custodian bank is.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

Maturity value

What's the maturity value of a bond?

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

Clean price

The quoted price of a gilt, which excludes accrued interest

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

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