Gilts Accounts

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Gilts Accounts

Reserve Bank has been allowing SGL Accountholders to have a second (SGL) Account in the books of Public Debt Office called “Constituents’ Subsidiary General Ledger (CSGL) Account”. 

The beneficial ownership of the securities held in such CSGL Accounts vests with the constituent investors (hereinafter referred to as “Gilt Accountholders” (GAH). Such accounts [hereinafter called Gilt Accounts] enable the investors to realize all the benefits of a dematerialized holding through their bankers without the hassles and risks associated with physical form. 

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