In recent years, the Debt Office has been able to reduce Swedish government agencies’ overall costs for currency conversions through better prices in the central government framework agreements for cross-border payments and the introduction of a multi-currency cash pool model for improved coordination of the agencies’ payments in foreign currencies.
A liquidity management structure as equally well-functioning and efficient as that used for Swedish kronor is now in place for agencies’ payments in other currencies using a multi-currency cash pool solution (MCCP).
Debt Office Commentary 1-2021: More efficient management of Swedish government agencies’ international payments