imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| 1.
| | International Accounting Standard 12, dealing with income taxes. |
|
| |
|
| Most commonly, UK central government debt.
| | Issued by the International Accounting Standards Board. |
| | |
| | |
| Also known as Gilt-edged securities, or Gilt-edged stock.
| |
|
| |
|
|
| |
|
| | == See also == |
| | * [[FRS 102]] |
| | * [[IFRIC 23]] |
| | * [[International Financial Reporting Standards]] |
|
| |
|
| :<span style="color:#4B0082">'''''Example: Short-dated Conventional gilt'''''</span>
| |
|
| |
|
| :UK gilt is the 2% Treasury Gilt 2020 in denominations of £100.
| | == External link == |
| | | [https://www.iasplus.com/en/standards/ias/ias12 IAS 12 - IAS Plus] |
| :Each £100 gilt repays £100 to the owner on 22 July 2020. | |
| | |
| :It will also pay interest on 22 July 2020, calculated at 2% per year. It was originally issued in 2014.
| |
| | |
| :It pays a predetermined fixed amount of interest (2% per year) throughout its whole life.
| |
| | |
| :It will be repaid at a fixed amount of £100 at its maturity on 22 July 2020.
| |
| | |
| :Whatever happens to inflation in the meantime, these amounts will not change.
| |
| | |
| | |
| :<span style="color:#4B0082">'''''Example: Long-dated Conventional gilt'''''</span>
| |
| | |
| :A very long dated conventional gilt is the 4% Treasury Gilt 2060.
| |
| | |
| :It will pay interest at 4% per year for the next 40 years.
| |
| | |
| | |
| :<span style="color:#4B0082">'''''Example: Index-linked gilts'''''</span>
| |
| | |
| :Index-linked gilts pay out larger amounts, the higher the rate of inflation.
| |
| | |
| :The 'index' they are linked to is the UK Retail Prices Index (RPI).
| |
| | |
| :About 25% of gilts are index-linked, with 75% being conventional.
| |
| | |
| | |
| ''Historically, gilts were printed on gilt-edged paper (heavy bond paper with a metallic edge, usually gold-leaf or gold paint).The heavy expensive looking paper was designed to give a sense of confidence.''
| |
| | |
| | |
| 2.
| |
| | |
| The term 'gilt' is also used to refer to the debt of certain other central governments, especially US government [[treasury securities]].
| |
| | |
| | |
| == See also ==
| |
| * [[Bond]]
| |
| * [[Bund]]
| |
| * [[Exempt gain]]
| |
| * [[G+]]
| |
| * [[ILG]]
| |
| * [[Index-linked gilt]]
| |
| * [[Paper]]
| |
| * [[Risk-free rate of return]]
| |
| * [[Semi-annual rate]]
| |
| * [[Sovereign]]
| |
| * [[Stock]]
| |
| * [[Swap spread risk]]
| |
| * [[Tap stock]]
| |
| * [[Treasury]]
| |
| * [[United Kingdom]]
| |
|
| |
|
| [[Category:Corporate_financial_management]] | | [[Category:Accounting,_tax_and_regulation]] |
