Prize Bond Company Limited
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Prize Bond Company Limited
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the ''Prize Bond Company DAC''. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds. Prize Bonds are also offered in Pakistan, by the Ministry of Finance, and in the UK, under the name Premium Bonds. Background The 1956 Finance (Miscellaneous Provisions) Act is the primary legislation under which the bonds are authorised; the similar concept of Premium Bonds were introduced in the United Kingdom at the same time. Bonds were first sold in March 1957, with the first draw held in September of that year. Originally the Bank of Ireland, as the government's banker, was the operator of the scheme. When the scheme commenced, the biannual draws were in September and March where by means of six drums the winning serial number ...
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FEXCO
Fexco is an Ireland-based financial services and financial technology company focusing on bureau de change and payment card services. Its head office is located in Killorglin, County Kerry. As of 2019, Fexco reports it has more than 2,500 staff and of these, 1,200 are based in Ireland, with other staff in 29 countries worldwide, including the UK, Spain, New Zealand, USA, Middle East and Asia. History Fexco was set up in 1981 by Brian McCarthy, originally to provide bureau de change services to the Irish market. McCarthy, now acting as Fexco chairman, is also chairman of the Irish Prisons Board. Former Tánaiste Dick Spring was appointed as an executive vice-chairman of Fexco in 2002. As of 2009, services offered by Fexco included prize bonds, dynamic currency conversion and related customer services. In 2010, Fexco acquired 75% of Goodbody Stockbrokers for a reported bargain price of €24 million with the management take the remaining 25% stake in the business. The Financial T ...
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Bonds (finance)
Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Chemical bond, the attraction of atoms, ions or molecules to form chemical compounds People * Bond (surname) * Bonds (surname) * Mr. Bond (musician), Austrian rapper Arts and entertainment * James Bond, a series of works about the eponymous fictional character * James Bond (literary character), a British secret agent in a series of novels and films * Bond (band), an Australian/British string quartet ** '' Bond: Video Clip Collection'', a video collection from the band * Bond (Canadian band), a Canadian rock band in the 1970s * ''The Bond'' (2007 book), an American autobiography written by The Three Doctors * ''The Bond'', a 1918 film by Charlie Chaplin supporting Liberty bonds * Bond International Casino, a former music venue in New York City Places Antarctica * Bond Glacier, at the head of Vincennes B ...
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Dublin
Dublin (; , or ) is the capital and largest city of Republic of Ireland, Ireland. On a bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 census of Ireland, 2016 census it had a population of 1,173,179, while the preliminary results of the 2022 census of Ireland, 2022 census recorded that County Dublin as a whole had a population of 1,450,701, and that the population of the Greater Dublin Area was over 2 million, or roughly 40% of the Republic of Ireland's total population. A settlement was established in the area by the Gaels during or before the 7th century, followed by the Vikings. As the Kings of Dublin, Kingdom of Dublin grew, it became Ireland's principal settlement by the 12th century Anglo-Norman invasion of Ireland. The city expanded rapidly from the 17th century and was briefly the second largest in the British Empire and sixt ...
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General Post Office (Dublin)
The General Post Office (GPO; ga, Ard-Oifig an Phoist) is the headquarters of An Post — the Irish Post Office. It is the principal post office of Dublin — the capital city of Ireland — and is situated in the centre of O'Connell Street, the city's main thoroughfare. It is one of Ireland's most famous buildings, not least because it served as the headquarters of the leaders of the Easter Rising against British rule in Ireland. It was the last great Georgian public building to be erected in the capital. Architecture The foundation-stone of the building, which was designed by Francis Johnston, was laid by the Lord Lieutenant of Ireland, Charles Whitworth, 1st Earl Whitworth, on 12 August 1814, attended by the Post-Masters-General, Charles O'Neill, 1st Earl O'Neill and Laurence Parsons, 2nd Earl of Rosse. The structure was completed in the short space of approximately three years at a cost (depending on sources) of between £50,000 and £80,000. The front elevation is 6 ...
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Euros
The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circ ...
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Irish Pound
The pound (Irish: ) was the currency of the Republic of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or IR£ for distinction). The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002. First pound The earliest Irish coinage was introduced in the late 10th century, with an £sd system of one pound divided into twenty shillings, each of twelve silver pence. Parity with sterling was established by King John around 1210, so that Irish silver could move freely into the English economy and help to finance his wars in France. However, from 1460, Irish coins were minted with a different silver content than those of England, so that the values of the two currencies diverged. During the Williamite War of 1689–1691, King James II, no longer reigning in England and Scotland, issued an emergency base-metal coinage known as gun money. In 1701, the relationship between the Irish pound and ...
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National Treasury Management Agency
The National Treasury Management Agency (NTMA) ( ga, Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta) is the agency that manages the assets and liabilities of the Government of Ireland. It was established on 1 December 1990 to borrow for the Central Fund (Ireland), Central Fund and manage the national debt. Since then it has been expanded greatly, for example it now manages the National Pensions Reserve Fund and acts as Republic of Ireland, Ireland's agent for the purchase of carbon credits. The National Asset Management Agency was established in December 2009 under the aegis of the agency to handle the Post-2008 Irish economic downturn, Irish financial crisis and the deflation of the Irish property bubble. Ireland Strategic Investment Fund (ISIF) The NTMA also handles the €8.1 billion Ireland Strategic Investment Fund (ISIF), a sovereign wealth fund established on 22 December 2014. See also * Economic and Social Research Institute * Irish Fiscal Advisory Council * De ...
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County Kerry
County Kerry ( gle, Contae Chiarraí) is a county in Ireland. It is located in the South-West Region and forms part of the province of Munster. It is named after the Ciarraige who lived in part of the present county. The population of the county was 155,258 at the 2022 census, A popular tourist destination, Kerry's geography is defined by the MacGillycuddy's Reeks mountains, the Dingle, Iveragh and Beara peninsulas, and the Blasket and Skellig islands. It is bordered by County Limerick to the north-east and Cork County to the south and south-east. Geography and subdivisions Kerry is the fifth-largest of Ireland's 32 traditional counties by area and the 16th-largest by population. It is the second-largest of Munster's six counties by area, and the fourth-largest by population. Uniquely, it is bordered by only two other counties: County Limerick to the east and County Cork to the south-east. The county town is Tralee although the Catholic diocesan seat is Killarney, whi ...
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Killorglin
Killorglin () is a town in County Kerry, Ireland. As of the 2016 CSO census, the town's population was 2,199. Killorglin is on the Ring of Kerry tourist route, and annual events include the August Puck Fair festival, which starts with the crowning and parading of a "king" wild goat. History Origins and development The earliest evidence of ancient settlement in the Killorglin area is the presence of prehistoric rock art. These rock carvings are part of a Late Neolithic/Early Bronze Age tradition stretching across Atlantic Europe and occur in concentrations around the Iveragh and Dingle peninsulas, with a cluster close to the nearby town of Glenbeigh. There are also a number of ringforts and early Christian ecclesiastical sites in the townlands of Dromavally and Castleconway. The ruins of Killorglin Castle, later known as Castle Conway, are located close to what is now the centre of the town. It was built in the early 13th century by Maurice FitzGerald, 2nd Lord of Offaly. ...
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An Post
(; literally 'The Post') is the state-owned provider of postal services in Ireland. An Post provides a "universal postal service" to all parts of the country as a member of the Universal Postal Union. Services provided include letter post, parcel service, deposit accounts, Express Post (an all-Ireland next-day delivery service), and EMS (international express-mail service). Background An Post, the Irish postal administration, came into being in 1984 when, under the terms of the Postal & Telecommunications Services Act of 1983, the Post Office services of the Department of Posts and Telegraphs (P&T) were divided between An Post and Telecom Éireann, the telecommunications operator now called Eir. At its inception, during the early years of the Irish Free State, the Department of Posts and Telegraphs was the country's largest department of state, and its employees (most of them postmen) constituted the largest sector of the civil service. Prior to this, the Post Offic ...
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Lottery Bond
Lottery bonds are a type of government bond in which some randomly selected bonds within the issue are redeemed at a higher value than the face value of the bond. Lottery bonds have been issued by public authorities in Belgium, Ireland, Pakistan, Sweden, New Zealand, the UK and other nations. Outwardly, lottery bonds resemble ordinary fixed rate bonds; they have a fixed, though usually long, duration and either pay no interest or regular coupons. The individual bonds within each issue are numbered, like ordinary bonds, but the serial numbers serve a different function from ordinary bonds. For a lottery bond the serial number is an added incentive for the purchaser to buy the bond. Although the details vary by bond and by issuer, the principle remains the same. A drawing takes place according to a schedule to decide which serial numbers are to be redeemed. The individual bonds within the issue thus identified by the drawing are then bought back by the issuer, so that the total va ...
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