Commentary

E1.460 Transactions in deposit rights—definitions

Personal and employment tax

E1.460 Transactions in deposit rights—definitions

E1.460 Transactions in deposit rights—definitions

An 'eligible debt security' means1:

  1.  

    •     a security constituted by an order, promise, engagement or acknowledgement to pay on demand, or at a determinable future time, a sum of money to, or to the order of, the holder of one or more units of the security, where the current terms of issue provide that its units may only be held in uncertificated form and may only be transferred by means of a relevant system, or

  2.  

    •     an eligible Northern Ireland Treasury Bill, or

  3.  

    •     an eligible Treasury Bill

A 'certificate of deposit' means a document2:

  1.  

    •    

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