General Knowledge - Indian Economy - Discussion

Gilts are bonds issued by certain national governments. The term is of British origin, and originally referred to the debt securities issued by the Bank of England, which had a gilt (or gilded) edge. Hence, they are called gilt-edged securities, or gilts for short. The term is also sometimes used in Ireland and some British Commonwealth countries, South Africa and India. When a reference is made to gilts, what is generally meant is British gilts unless otherwise specified. The description below applies to the UK gilt market. ONS data reveal that about two-thirds of all gilts are held by insurance companies and pension funds. During 2009 large quantities of gilts were created and purchased by the Bank of England under its policy of quantitative easing.

The term "Gilt Account" is also a term used by the Reserve Bank of India to refer to a constituent account maintained by a custodian bank for maintenance and servicing of dematerialized Government Securities owned by a retail customer.

I want to know about gilt-edged market.

May I know the full description of gilt-edged market please.