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DMO

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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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Withholding Tax

A tax deduction made at the source of the payment.
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Custodian bank

Learn what a custodian bank is.
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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Stock Market

A place where shares of publicly listed companies are traded.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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