Large-ish transactions in Gilts / ILGs

aroominyork

On ii, from memory, selling fractions of a gilt is possible on web but not on app (or the other way round). Try both.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81988654#Comment_81988654

It's an irritating quirk of SWSD/IWeb that it won't let you sell tenths and hundredths of a unit of gilts on the website. If you delete these after the screen has pre-populated leaving only whole units then the "continue" button miraculously colours and you can click on it to get to the next screen.

hallmark

Yes, I can't see anyway to do this on app or on web. There's no way to buy fractions either so can't game the system that way. I guess it has to be done via phone.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81988834#Comment_81988834

If you do sell fractions of a gilt by phone with SWSD/IWeb , or anyone else has, it would be interesting to know that you're able to do so, and that the £5 standard online dealing charge still applied.

I can't see any information anywhere that says there's a higher charge if you have to phone them.

aroominyork

https://forums.moneysavingexpert.com/discussion/comment/81988677#Comment_81988677

I just tried this. I could not enter the fractional gilt on app or website. I expect you could sell it by phone and they are usually good at only charging the online dealing fee when there is a quirk in their systems.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81988654#Comment_81988654

Last time I sold, the fractions were sold along with the last full unit.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81988950#Comment_81988950

That's very interesting. Thank you.

Can anyone else confirm that when they sold a particular gilt on SWSD/IWeb the fractions of a unit - which you can't enter online as it only accepts whole units - were sold with the the last full unit?

I don't want to be left with 33p worth of a gilt for the next decade! 😬

And yes, I know I could ring SWSD, but I suspect the chances of getting someone in the call centre to understand what I'm getting at would be somewhere near zero, so I'd be grateful to hear of any other experiences please.

rallycurve

Yes, I did that just yesterday. I was prepared to leave a fraction there but thankfully they sold all

Enzo_L

Thank you @masonic and @rallycurve . I've just done a couple of sales on SWSD and they've sold the final fractions of gilts each time. I'm very grateful for your help. 😊