This report has been developed by the Capital Markets and Financial Institutions Division of the OECD Directorate for Financial and Enterprise Affairs. It was prepared by Pietrangelo De Biase and Sam Foxall, with support from Luca Policino and Raphael Storione, under the supervision of Fatos Koc, Head of the Financial Markets Unit, and Serdar Çelik, Head of Division. Brian Finn and Peter Welch from the OECD Directorate for Public Governance provided valuable input.
The chair of the OECD Working Party on Debt Management’s Ad Hoc Group on Cash Management, Thomas Anthony Linehan (Deputy Director, Funding and Debt Management, NTMA, Ireland), and the subgroup leaders, Alan Mahon (Head of Fiscal, Strategy & Communication, NTMA, Ireland), Jo Whelan (Deputy Chief Executive & Co-Head of Policy & Markets, UK Debt Management Office), and Alessandro Iacono (Head of Short-term Funding & Cash Management, Ministry of Economy and Finance, Italy) provided valuable coordination and guidance during the group’s work, including in drafting this report.
At a technical level, substantial contributions were provided by Teresa Basterra Gandarias and Sabine Denk (Austrian Treasury), Fabienne Laenen, Youri Martin, and Jonas Vervoort (Belgian Debt Agency), Gustavo Fleury, Flavia Giannetti, and Leonardo Rocha (Brazilian Treasury), Kaetlynd McRae (Bank of Canada), Anu Sammallahti and Mika Tasa (State Treasury, Finland), Antoine Dufour and Mathieu Marceau (Agence France Trésor, France), Daniela Kracht and Thomas Weinberg (Federal Republic of Germany Finance Agency), Ádám Mohai (Government Debt Management Agency, Hungary), Hogni Haraldsson (Ministry of Finance & Economic Affairs, Iceland), Vincent Butler and Rory O’Connor (NTMA, Ireland), Enrica Blotta and Dora de Simone (Ministry of Economy and Finance, Italy), Mami Koyama (Ministry of Finance, Japan), Marija Sekane and Edite Tise (The Treasury of the Republic of Latvia), Luc Witry (Trésorerie de l'État, Luxembourg), Ralf van der Stok (Ministry of Finance, the Netherlands), Paxton McKenzie (New Zealand Treasury), Patricia Antunes and Nuno Coelho, (Portuguese Treasury and Debt Management Agency), Anna Olofsson (Swedish National Debt Office), Jean-Pierre Beaud and Luca Käser (Federal Finance Administration, Switzerland), Baris Can and Yusuf Yavuz (Ministry of Treasury and Finance, Türkiye), and Thomas Katzenbach, Chris Kubeluis and Gabriella Csepe (US Department of Treasury).