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What are the Clean Price and the Dirty Price in reference to trading in G-Secs?

April 26, 2017clean dirty G-Secs price Reference trading

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What are the Clean Price and the Dirty Price in reference to trading in G-Secs?

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G-Secs are traded on a clean price (Trade price) but settled on the dirty price (Trade price + Accrued Interest). This happens as the coupon payments are not discounted in the price as is the case in the other non-govt.