Page 80 - Annual Report 2552

PDMO PUBLIC DEBT

MANAGEMENT
OFFICE

new innovative products including re-adjusting key features of saving bond, floating rate bond (FRB) and

Inflation linked debt.
3. Risk Management and Portfolio Benchmark

In order to achieve sound public debt management, Portfolio Benchmarks needs to be
established to be used as debt management guidelines providing PDMO with medium term portfolio

target. PDMO risk model will be used to quantitatively assess cost and risk of debt management
strategies which can be used to support portfolio benchmarks. The portfolio benchmarks covers both

foreign exchange and interest risks including 1) Floating rate: Fixed rate debt; 2) Domestic: External
debt; and 3) currency mix. In addition to strategy formulation, risk model can be used to produce

early warning systems which can be useful when assessing impacts of market risks on our debt
portfolio.

4. Strengthening Organizational Structures and Personnel Capabilities Enhancement
In order for PDMO to achieve our goals and objectives, PDMO as an organization must be

strengthened and must contain highly skilled and qualified personnel. Specifically, PDMO personnel must
be trained in multiple areas and have good knowledge of the financing markets not just in fixed income

but also a well rounded knowledge of capital markets. In addition, as project financing is a key area of
PDMO operations, the personnel must also have experiences in public infrastructure project financing in both

economic and social sectors. PDMO is committed to encourage training and on the job training programs
and also to continue to recruit new and highly qualified personnel. Furthermore, PDMO plans to upgrade

facilities and working environment to compliment personnel enhancement programs. These initiatives will
support our efforts to be recognized internationally as an organization that specializes in issuance and

management of public debt to support economic and social development.
As we look forward, we recognize the challenges that lay ahead for PDMO, however, through our

commitment to implement the four aforementioned strategies, our goals and objectives can be achieved,
which will in turn leads to sustainable economic and social development. Finally, we hope that all relevant

agencies will support us in a concerted effort to achieving our common goal of sustainable development.

Chakkrit Parapuntakul
Director-General
(December 2009 – Present)

รายงานประจำาปี 2552 ANNUAL REPORT 2009 79