The DMO provides the DMADF as part of its cash management operations and in the context of a wider series of measures designed to support local authorities' cash management. The key objective of the DMADF is to provide users with a flexible and secure facility to supplement their existing range of investment options while saving interest costs for central government.
The DMADF currently offers fixed term deposits. All deposits taken will be placed in, and interest paid from, the Debt Management Account and therefore represent a direct claim on HM Government.
Follow the four steps below
If you are acting on behalf of an existing client of the Facility, please complete this form if you wish to amend the details held by the DMO as to your standard settlement instructions, authorised dealers and/or authorised signatories.
Please note the Amendment Form must be printed onto your institution’s headed notepaper. It also requires two signatories; one of which should be the officer designated by section 151 of the Local Government Act 1972 or section 95 of the Local Government (Scotland) Act 1973 (or equivalent).
Please print the form, complete the relevant sections, ensure it is signed and return to the address provided in the form.
In order for your application to be considered, the institution you are making an application on behalf of needs to fall within the list of eligible institutions as set out below:
If you have any queries on the above, or, for further details about the DMADF please contact:
Telephone: 020 7862 6698