The Gilt-Edged Market (RLE Banking & Finance) Routledge Library Editions: Banking & Finance Series
Auteur : Wormell Jeremy
This book was written at a time when the market for government stocks in London, the gilt-edged market of the title, had undergone a period of rapid innovation in the forms of its instruments ? index-linked stocks, variable rate stocks, and other new types ? and of methods of issue. This had been the response of a government that had needed to fund a massive public sector borrowing requirement despite its attempts to slash public expenditure. In the same period the opening of the London International Financial Futures Exchange (LIFFE), with its 20-year gilt contract, had introduced a new method for hedging risk for investment managers. This book charts and analyses these developments.
Editor’s preface. List of Figures and Tables. Acknowledgements. Introduction. Author’s note 1. The Context 2. The Authorities 3. The Investor: Insurance Companies and Pension Funds 4. The Investor: others 5. The Market Place 6. Selling Stock by Tap Issues – the Classic Game 7. Variations in Funding Techniques 8. Futures: The Twenty-Year Contract 9. Interest Payment and Taxation 10. The Term Structure of Interest Rates 11. Value Appendix 1: Switching Appendix 2: Prospectuses. Glossary. Bibliography. Index.
Multivolume collection by leading authors in the field
Date de parution : 03-2014
15.6x23.4 cm
Date de parution : 05-2012
Ouvrage de 254 p.
15.6x23.4 cm
Thèmes de The Gilt-Edged Market (RLE Banking & Finance) :
Mots-clés :
treasury; bill; maker; issue; department; ex-dividend; date; pension; fund; trustee; Treasury Bills; UK Tax; Longer Stock; National Debt Commissioners; Ex-dividend Date; Market Makers; Issue Department; Shorter Stock; Redemption Yields; Interest Payment Date; UK Resident; Non-bank Private Sector; Redemption Proceeds; Short Term Interest Rates; Gilt Edged; Form A3; UK Pension Fund; Local Authority Pension Funds; Cash Market; Cash Stock; Banking Department; Conventional Stocks; Pre-1986 Jobber; Final Potential Source; Government Issues