About us

The Federal Republic of Germany - Finance Agency (in the following German Finance Agency) is the central service provider for the Federal Republic of Germany's borrowing and debt management. It was established on September 19, 2000, and is based in Frankfurt am Main, Germany's main financial centre. The company, which is wholly-owned by the Federal Republic of Germany, represented by the Federal Ministry of Finance, performs functions in connection with budget funding and short-term liquidity funding for the Federal German Government which were previously divided between the Federal Ministry of Finance, the Deutsche Bundesbank and the Federal Securities Administration. The German Finance Agency operates in the international financial markets solely and exclusively in the name of and for the account of the Federal Republic of Germany.

The responsibilities of the German Finance Agency include first and foremost services in connection with the issuance of German Government securities, borrowing in the form of German-type promissory notes (Schuldscheindarlehen), the use of derivative financial instruments and money market transactions (borrowings and placements) to balance the Federal Republic of Germany's account at the Deutsche Bundesbank. Since August 1, 2006 the Finance Agency is also responsible for the relationship with and the products for private investors.

The German Finance Agency's spectrum of services for their owner also includes market analysis and the development of models for portfolio management, the formulation of decision-making options for implementing business policy, liquidity management and risk control as well as the press and public relations for German Government securities.

The instruments at the Agency's disposal and its organizational and personnel structure are designed to enable it to respond to the rapidly changing needs and requirements of the capital markets. The resulting synergies make it possible to achieve sustained improvements in the funding conditions for the Federal Republic of Germany, lower its interest costs in the medium term and optimize the risk structures in its debt portfolio.