These are first-class securities such as government stocks or local authority stocks.
Securities with interest and repayment guaranteed by the UK government. Often used as a synonym for high quality - the securities are known as gilts, the market is the gilt market.
Government bonds issued by the United Kingdom. Global Master Securities Lending Agreement (GMSLA): A market standard legal agreement drafted with a view to compliance with English law. An English law opinion has been obtained on the agreement
British and Irish government securities. Blue Chip.
Debt securities issued on behalf of the Government.
UK Government bonds or loan stocks. Debt securities or instruments issued by the Government paying, usually, a fixed rate of interest and regarded, because of the Government backing, as the safest form of capital retention. Hence, low risk but also, potentially, low reward.
Loans issued on behalf of the government to fund its spending.They fall into the following categories: · · longs: those with a redemption date greater than 15 years. · mediums: those with a redemption date between five-15 years. · shorts: those with a redemption date within five years.
A UK term indicating the loans made to the government. This type of security is considered practically "risk free", since the risk of default associated with the government is the lowest possible. Some types of gilt-edged securities are known also as Treasury bills. Français: Titres de premier ordre Español: Gilt-edged security
Gilt-edged securities are a form of long-term government borrowing. They are a promise to repay in the future and usually have a fixed term (for example 5 years). They pay a fixed level of interest which is determined when they are issued. Their value will vary inversely with changes in the level of interest rates. If interest rates rise, then the fixed interest gilt will appear less attractive to investors and their value will fall. However, they are always redeemed at the end for their face value (original value).