Central Gilts Office definition

Central Gilts Office or “CGO” means the computer based system managed by the Bank of England to facilitate the book-entry transfer of gilt-edged securities;
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Central Gilts Office means the computer based system managed by the Bank OR "CGO" of England to facilitate the book-entry transfer of gilt-edged securities;
Sample 1Sample 2Sample 3
Central Gilts Office or "CGO" means the computer based system managed by the Bank of England to facilitate the book- entry transfer of gilt-edged securities;
Sample 1

Examples of Central Gilts Office in a sentence

  • In this context, it noted that the gilt market is currently operating ‘best practice’ in Europe, with trades in Central Gilts Office (CGO) normally settled t+1 and with an objective of delivery-versus-payment (DVP) in real-time.

  • The Bank will continue to operate the Central Gilts Office and the official gilt registration system through the Registrar’s Department in Gloucester.

  • An example of this is the Central Gilts Office in the United Kingdom.

  • Demateralization has become an essential feature of modern trade in securities by settlement systems such as Euroclear in Brussels, Cedel in Luxembourg, the Depository Trust Corporation in the United States, CREST and the Central Gilts Office in London, SICOVAM in France, Monte Titoli in Italy and numerous comparable systems elsewhere, e.g. in Canada, Denmark, Germany, Netherlands, the Republic of Korea and Singapore.

  • The development of this facility has been part of the upgrade of the Central Gilts Office electronic book-entry settlement system.1 The strips facility has been built following responses to the Bank of England’s earlier consultations with the market; these consultations showed strong support for the proposed facility, as a further step in the continuing development of the gilt market.

  • In the UK in 1999, the Central Gilts Office (CGO) and the Central Money Markets Office (CMO) merged with Crest to create a single Irish/UK CSD.

  • Accordingly the expression "eligible stock" is used in this memorandum torefer to stock falling within paragraph 2.1 above which is held on the register maintained by the Bank of England under regulation 1 of the Government Stock Regulations 1965.3. Who may hold strips; who may strip and reconstitute stock3.1 Strips may be held only by a member of the Central Gilts Office ("CGO") Service (subject to the rules of that Service), HM Treasury or by the Bank of England.

  • The City's payment terms are 30 days from the receipt of an original Invoice referencing the City’s PSA and acceptance of the services.

  • Starting with the Central Gilts Office in 1986, and moving on through the Central Moneymarkets Office, the Real-Time Gross Settlement System (RTGS), and finally CREST in the mid-1990s, slow and unsafe paper-based systems for completing billions of pounds worth of business were transformed into real-time, electronic book-entry processes againstrisk-free central bank money.3 So then, as now, our approach is both to research and also to experience Fintech.

  • Regulation 4 provides that the securities are to be held in an account designated by the Central Gilts Office of the Bank of England (a “STAR” account).


More Definitions of Central Gilts Office

Central Gilts Office or ACGO" means the computer based system managed by the Bank of England to facilitate the book-entry transfer of gilt-edged securities;
Sample 1

Related to Central Gilts Office

  • sales office means a building, structure, facility or trailer on the lot used for the purpose of the sale of dwelling units to be erected on the lot;

  • Business Office means the primary business office of the Administrative Agent, as communicated to the Trustee from time to time.

  • Records Office means an office of the Company in Nevada, which may but need not be a place of its business, at which it shall keep all records identified in NRS 86.241, except that in lieu of keeping a list of members at the Records Office, the Company may keep a statement with the registered agent, setting forth the name and address of the custodian of such records.

  • Agent’s Office means the Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Agent may from time to time notify the Lead Borrower and the Lenders.

  • Depositary’s Office means the principal office of the Depositary at which at any particular time its depositary receipt business shall be administered.

  • Records officer means the individual appointed by the chief administrative officer of each governmental entity, or the political subdivision to work with state archives in the care, maintenance, scheduling, designation, classification, disposal, and preservation of records.

  • Central Office means a building or a space within a building where transmission facilities or circuits are connected or switched.

  • Administrative Office means Liberty Life Assurance Company of Boston, 9 Riverside Road, Weston, MA 02493.

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Lender’s Office means the Lender’s address and, as appropriate, account as set forth on Schedule 9.01, or such other address or account as the Lender may from time to time notify the Borrower in writing.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Post Office means the South African Post Office, a public company with limited liability duly incorporated in accordance with company laws of the Republic of South Africa with registration number 1991/005477/06.

  • temporary sales office means a building, structure, facility or trailer on the lotused for the purpose of the sale of dwelling units to be erected on the lot.

  • Board office means the office of the administrative staff of each professional licensing board.

  • City Ledger Report means a list submitted by the Contractor indicating on a daily basis its total number of sleeping room nights rented as well as the total number for sleeping rooms removed from its available inventory or rentals, for purposes of repair.

  • Accounts Officer means the Head of an Office of Accounts or the Head of a Pay and Accounts Office set up under the scheme of departmentalization of accounts;

  • Principal Financial Officer shall have the meanings given to such terms in the Xxxxxxxx-Xxxxx Act.

  • customs officer means any person acting as such in terms of the Customs and Excise Act [Chapter 23:02];

  • Flood Boundary and Floodway Map (FBFM means an official map of a community, issued by the FEMA, on which the Special Flood Hazard Areas and the floodways are delineated. This official map is a supplement to and shall be used in conjunction with the Flood Insurance Rate Map (FIRM).

  • Regional Office means the U.S. department of veterans affairs regional office in Wisconsin.

  • Poppy straw means all parts, except the seeds, of the opium poppy, after mowing.

  • National Office means the government authority of a Contracting State entrusted with the granting of patents; references to a “national Office” shall be construed as referring also to any intergovernmental authority which several States have entrusted with the task of granting regional patents, provided that at least one of those States is a Contracting State, and provided that the said States have authorized that authority to assume the obligations and exercise the powers which this Treaty and the Regulations provide for in respect of national Offices;

  • Progress Officer means any person nominated by or on behalf of the Purchaser to visit supplier's works to ascertain position of deliveries of Goods ordered.

  • Certified peace officer means a peace officer certified by the

  • Notice Office means the office of the Administrative Agent located at 000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000, or such other office as the Administrative Agent may hereafter designate in writing as such to the other parties hereto.

  • Head Office means such office of the Company as the Directors may from time to time determine to be the principal office of the Company;