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The Federal Republic of Germany - Finance Agency ((ドイツ語:Bundesrepublik Deutschland - Finanzagentur GmbH)) is the central service provider for the Federal Republic of Germany's borrowing and debt management. Thus it is wholly owned by the Federal Republic of Germany, represented by the Federal Ministry of Finance. Legal basis is the Federal Government Debt Management Act (Bundesschuldenwesengesetz) that constitutes a special public control and supervision by the Federal Ministry of Finance which in addition itself regularly reports on debt management issues to budget experts from the German Bundestag.〔(Federal Government Debt Management Act ("Bundesschuldenwesengesetz" in German language) ) website. retrieved 1 April 2015.〕〔(Finance Agency - about us ) website. retrieved 1 April 2015.〕 ==History== The company was formed by the Federal Republic of Germany on 19 September 2000, by amendment to the statutes of 29 August 1990,〔German Trade Register B of the Amtsgerichts Frankfurt am Main: HRB 51411, 25 May 2009, (S. 1 ) and (2 ) (retrieved on 22 March 2010)〕 from the Berlin-based ''CVU Systemhaus Abwicklungsgesellschaft mbH'' 〔German Trade Register Frankfurt am Main: Neueintragung HRB 51411, 18. Januar 2001〕〔German Trade Register Berlin: HRB 40774, 21. Februar 2001〕 and is headquartered in Frankfurt am Main. Since 2001, the Finance Agency organizes the borrowing of the Federal Republic of Germany and performs its debt management. It operates in the international financial markets solely and exclusively in the name of and for the account of the Federal Republic of Germany. On 1 August 2006 it was merged with the former Federal Securities Administration (formerly Federal Debt Administration). Since then, the Federal Finance Agency has also offered private investors free bookkeeping for Federal securities in the form of a book entry account〔(Finance Agency - debt register account ) website. retrieved 1 April 2015.〕 and its toll-free acquisition,〔(e-Forum: "Bundeswertpapiere" - Finance Agency customer magazine ) PDF (150kB; in German language). retrieved 1 April 2015.〕 similar to the U.S. Treasury Direct program. From July 1, 2008, the Finance Agency distributed the new developed Federal day bond (Tagesanleihe) for private investors. Because of the shrinking demand from retail customers, resulting in a decreasing share and importance of the retail client business for the Federal funding since the mid-nineties, in 2012 the German Ministry of Finance decided not to continue the retail client business as it became uneconomic. So 2013 the Finance Agency stopped issuing Government securities for retail investors - especially the Federal savings notes, the Federal Treasury financing papers and the Federal day bond. Today the remaining exchange-listed German Government bonds and bills can only be bought through banks.〔(press release no. 22 2012 - Finance Agency ) PDF (36.3kb; in German language). retrieved 1 April 2015.〕 Beside the traditional Government securities like Federal bonds, Federal notes, Federal Treasury notes and Treasury discount paper the Finance Agency also organized issuances of new funding instruments. After the first US-Dollar bond was introduced in May 2005 the first inflation-linked bond followed in March 2016.〔(Finance Agency - inflation-linked securities ) website. retrieved 1 April 2015.〕 In 2013 the Bund-Länder-Anleihe was issued: the first joint issue of the Federal Republic of Germany together with 10 German states.〔(Finance Agency - history ) website. retrieved 11 March 2015.〕 Between 2010 and 2013 the Finance Agency performed several services for the European Financial Stability Facility (EFSF). 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「German Finance Agency」の詳細全文を読む スポンサード リンク
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