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Conventional gilts

Conventional gilt

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

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Base rate

What's the base rate?
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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