Zzz. Mock Questions Flashcards
0
Q
Which organisation sets out the process involved in trading Eurobonds?
A
International Capital Markets Organisation (ICMA)
1
Q
What are the components of a stripped gilt?
A
Each component is treated as a separate security.
2
Q
Name 3 features of JGBs…
A
- Issued by the Government of Japan
- coupon frequency is semi-frequent
- most common is 10 year maturity ( super long - 20 years)
3
Q
DMO role in Gilts
A
- DMO will put all unsold gilts on its books at the lowest bid price
- DMO has the right to reject any non-competitive
- if there is a strong demand for existing gilts, DMO may issue a further block, known as a tranche.
