Platform supporting "new style" linkers?

Gilts, bonds, and interest-bearing shares
helfordpirate
Posts: 18
Joined: November 7th, 2016, 12:03 pm

Platform supporting "new style" linkers?

Postby helfordpirate » January 10th, 2017, 8:23 am

Concerned by the 20+ duration of my linker funds, I am researching constructing a 1-10 year rolling linker ladder. Putting aside the wisdom of investing in something with a guaranteed -ve return (at least if held to or close to maturity), I am struggling to find a platform to support online trading of linkers. HL and ATS seems to offer some support for gilts and a few linkers - but in the latter case, this seems to be limited to the "old style" linker. To get the coverage I need, I would want to buy the "new style 3-month lag" versions.
I assume the lack of support is because the new style are traded on a real clean price basis and the RPI (and accrued interest) adjustment is made on settlement. Probably something that doesn't fir their computer systems?
Any suggestions? Last time I looked at DMO/Computershare it seemed archaic and expensive.

AleisterCrowley
Lemon Slice
Posts: 388
Joined: November 4th, 2016, 11:35 am

Re: Platform supporting "new style" linkers?

Postby AleisterCrowley » January 10th, 2017, 8:59 am

Can you give ISINs etc as an example ? HSDL are pretty good in my experience

helfordpirate
Posts: 18
Joined: November 7th, 2016, 12:03 pm

Re: Platform supporting "new style" linkers?

Postby helfordpirate » January 10th, 2017, 10:56 am

AleisterCrowley wrote:Can you give ISINs etc as an example ?

Sure, here are linkers maturing next ten years...

1¼% Index-linked Treasury Gilt 2017 GB00B0V3WQ75
0 1/8% Index-linked Treasury Gilt 2019 GB00BBDR7T29
1 7/8% Index-linked Treasury Gilt 2022 GB00B1Z5HQ14
0 1/8% Index-linked Treasury Gilt 2024 GB00B85SFQ54
1¼% Index-linked Treasury Gilt 2027 GB00B128DH60

AleisterCrowley
Lemon Slice
Posts: 388
Joined: November 4th, 2016, 11:35 am

Re: Platform supporting "new style" linkers?

Postby AleisterCrowley » January 10th, 2017, 11:05 am

I will have a look on my HSDL account when i get a chance - hopefully soon

AleisterCrowley
Lemon Slice
Posts: 388
Joined: November 4th, 2016, 11:35 am

Re: Platform supporting "new style" linkers?

Postby AleisterCrowley » January 10th, 2017, 4:04 pm

I didn't get on very well at all. I'm sure I've looked at Gilts with a view to buying in the past, but the whole category seems to have disappeared. Corp bonds are still available, and I hold a few prefs, but coudn't find ANY Gilts , IL or otherwise. I have emailed them.
They have changed their site (and CFDs were removed) so perhaps bonds are well hidden...

helfordpirate
Posts: 18
Joined: November 7th, 2016, 12:03 pm

Re: Platform supporting "new style" linkers?

Postby helfordpirate » January 10th, 2017, 8:30 pm

Thanks for looking anyway!
Hargreaves have the old style online and I'm hoping the new style by telephone

AleisterCrowley
Lemon Slice
Posts: 388
Joined: November 4th, 2016, 11:35 am

Re: Platform supporting "new style" linkers?

Postby AleisterCrowley » January 11th, 2017, 2:24 pm

From HSDL earlier;
Dear Great Beast
Thank you for your e-mail.
Gilts can only be purchasesd via telephone on 03457 22 55 25, if you are online registered to online commisson will be honoured.
Not all securities are ISA eligible, you can however, research this on most financial web sites such as Google Finance.
I hope I have been able to help you with your query.
For your information we also have a Web Chat facility where you can speak to us live. This can be found on the welcome page once you have logged into your account. This is a secure connection so we can talk account specifics if required; you may find it more convenient to use this service as you will receive our immediate attention.
Kind Regards
####e ######
Stockbroking



Very odd.

AleisterCrowley
Lemon Slice
Posts: 388
Joined: November 4th, 2016, 11:35 am

Re: Platform supporting "new style" linkers?

Postby AleisterCrowley » January 12th, 2017, 5:14 pm

and today - after a follow up
We do not accept Guilt [sic] trades online due to the nature of the investments. We need to ask questions regarding the investment before accepting the instruction. For this reason we request you call to trade in them

But I can buy (at least some) corporate bonds no problem. Perhaps UK Treasury stuff is seen as inherently 'high risk' ? :o


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