
The delivery process of Gilts through CREST
Delivery of the underlying Gilt stocks, in respect of Euronext.liffe
Long Gilt contracts, are made through CREST usually by using the
CREST book entry transfer system or possibly by using Stock
Transfer Forms (STFs) accompanied by the appropriate physical cer-
tificate(s) for private clients. Matching acceptance instructions must
be input by the Transferee via its CREST terminal. Payment for the
delivered Gilts will be made to LCH.Clearnet from the Transferee via
the CREST book entry system.
Transferors must deliver Gilts to LCH.Clearnet by the method
specified on the Seller’s ...