Bond prices are quoted on a 'clean' basis. This means that the price showing does not include any accrued interest. When an investor buys a bond however, they pay the bond's 'dirty' price which is the clean price plus the accrued interest.
For a comprehensive guide to accrued interest you can review our brochures or download our accrued interest calculator:
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file xls - 597 KB)
Accrued interest calculator.
Information on accrued interest for investors wishing to trade gilts.
Information on accrued interest for investors wishing to trade bonds.
Information on accrued interest for brokers.
ORB - Bonds made easy
Order book for Retail Bonds
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