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Definition of Guaranted Investment Contract - Finance dictionary
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Guaranted Investment Contract (See Chapter 22 of the Vernimmen)
Designates a financial instrument which pays to its holders a minimum fixed remuneration. GIC are for instance used in the context of securitisations in order to re-invest excess cash temporarily accumulated in the SPV.
Guaranted Investment Contract (See Chapter 22 of the Vernimmen)
Designates a financial instrument which pays to its holders a minimum fixed remuneration. GIC are for instance used in the context of securitisations in order to re-invest excess cash temporarily accumulated in the SPV.
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Definitions of terms begining
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Guaranted Investment Contract (See Chapter 22 of the Vernimmen)
Designates a financial instrument which pays to its holders a minimum fixed remuneration. GIC are for instance used in the context of securitisations in order to re-invest excess cash temporarily accumulated in the SPV.
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