Reference Gilt definition

Reference Gilt means the Treasury Stock specified as such in the relevant Final Terms for so long as such stock is in issue, and thereafter such issue of index-linked Treasury Stock determined to be appropriate by a gilt-edged market maker or other adviser selected by the Issuer (an “Indexation Adviser”).

Reference Gilt means the index-linked Treasury Stock or Treasury Gilt specified as such in the applicable Final Terms for so long as such gilt is in issue, and thereafter such issue of index-linked Treasury Stock or Treasury Gilt determined to be appropriate by a gilt-edged market maker or other adviser selected by the Issuer (an “Indexation Adviser”).

Reference Gilt means the index-linked Treasury Stock/Treasury Gilt specified as such in the relevant Final Terms for so long as such gilt is in issue, and thereafter such issue of index-linked Treasury Stock/Treasury Gilt determined to be appropriate by an Indexation Adviser; and

Examples of Reference Gilt in a sentence

• The Gross Redemption Yield on the Bonds and on the Reference Gilt will be expressed as a percentage and will be calculated on the basis indicated by the United Kingdom Debt Management Office in the paper "Formulae for Calculating Gilt Prices from Yields" dated 16th March, 2005 (as amended or supplemented from time to time) in the sub-section of Section One: Price/Yield Formulae, titled "Conventional Gilts; Double-dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date".

• Material changes to the Index: If notice is published by Her Majesty’s Treasury, or on its behalf, following a change to the coverage or the basic calculation of the Index, then the Calculation Agent shall make any such adjustments to the Index consistent with any adjustments made to the Index as applied to the Reference Gilt.

• Material changes to the Index: If notice is published by Her Majesty’s Treasury, or on its behalf, following a change to the coverage or the basic calculation of the Index, then the Calculation Agent shall make any such adjustments to the Index consistent with any adjustments made to the index as applied to the Reference Gilt.

• Where RPI is specified in the relevant Final Terms as the Index and if notice is published by Her Majesty’s Treasury, or on its behalf, following a change to the coverage or the basic calculation of such Index, then the Calculation Agent shall make any such adjustments to the Index consistent with any adjustments made to the index as applied to the Reference Gilt.

• Index Linked Interest Note Provisions Applicable (i) Index/Formula: UK Retail Price Index (ii) Rate of Interest: Fixed, calculated in accordance with paragraph 15 above (iii) Minimum Indexation Factor: Not Applicable (iv) Maximum Indexation Factor: Not Applicable (v) Base Index Figure: 249.7 (vi) Limited Indexation Month(s): Not Applicable (vii) Reference Gilt: 0.250 per cent.

More Definitions of Reference Gilt

Reference Gilt means the Treasury Stock specified in the applicable Final Terms (or, if such stock is not in existence, such other index- linked stock issued by or on behalf of HM Government as the relevant Issuer, on the advice of the Expert, may consider to be the most appropriate reference government stock for the Index Linked Notes); and

Reference Gilt means the 1.75 per cent Treasury Stock due July 2057 or such other conventional (i.e. not index linked) UK Government Stock as the Issuer (with the advice of an independent financial institution of international repute appointed by the Issuer) may determine to be the most appropriate benchmark conventional UK Government Stock.

Reference Gilt means the 2.250% United Kingdom Gilt Treasury Stock due September 7, 2023 with ISIN GB00B7Z53659.

Reference Gilt as used in these Conditions means the Sterling obligation of the United Kingdom Government listed on the official list (the "Official List") of the United Kingdom Financial Conduct Authority (in its capacity as United Kingdom competent authority for the purposes of Directive 2003/71/EC (as amended or superseded) and relevant implementing measures in the United Kingdom (the "FCA")) and traded on the Regulated Market of the London Stock Exchange plc (the "London Stock Exchange") whose duration most closely matches that of the Notes to the Reference Gilt Reference Date on the Determination Date, as the Calculation Agent shall determine to be appropriate or where the Calculation Agent advises the Trustee that for reasons of illiquidity or otherwise, such Sterling obligation is not appropriate for such purpose, such other Sterling obligation of the United Kingdom Government as the Calculation Agent shall recommend;

Reference Gilt means the treasury stock specified as such in the applicable Final Terms for so long as such stock is in issue, and thereafter such issue of index-linked treasury stock determined to be appropriate by a gilt-edged market maker or other adviser selected by the Issuer and approved by the Trustee (an “Indexation Adviser”).(b) Application of the Index Ratio: Each payment of interest and principal in respect of Notes shall be the amount provided in, or determined in accordance with, these Terms and Conditions, multiplied by the Index Ratio or Limited Index Ratio in the case of Limited Index Linked Notes applicable to the month or date, as the case may be, in which such payment falls to be made and rounded in accordance with Condition 5(h) (Maximum/Minimum Rates of Interest, Maximum/Minimum Redemption Amounts and Rounding).(c) Changes in Circumstances Affecting the Index:

Reference Gilt means the 4.125 per cent. Index-Linked Treasury Stock due 2030 for so long as such stock is in issue, and thereafter such Sterling obligation of the United Kingdom Government listed on the Official List maintained by the Financial Services Authority in its capacity as the UK Listing Authority and traded on the London Stock Exchange's market for listed securities whose duration most closely matches that of the Bonds on the date which is two business days prior to the date specified for redemption in any notice given by the Issuer as the Trustee may from time to time determine to be appropriate on the advice of a gilt-edged market maker or other adviser selected by the Issuer and approved by the Trustee or, in the event that the Issuer fails to appoint such person within a reasonable period of time, such person as the Trustee in its sole discretion may determine to be the most appropriate (an "Indexation Adviser"), and for which purpose duration is calculated on the basis of the formula set out on page 119 of The Handbook of Fixed Income Securities Second Edition 1987, published by Dow Jones-Irwin.

Reference Gilt means the Treasury Stock specified as such in the relevant Final Terms for so long as such stock is in issue, and thereafter such issue of index-linked Treasury Stock determined to be appropriate by a gilt-edged market maker or other adviser selected by the Relevant Issuer and approved by the Note Trustee (an Indexation Adviser).