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Long term government debt securities conventions

Long term government debt securities are debt instruments issued by the Australian Commonwealth and State Government Financing Agencies. They create an obligation for the issuer to pay a series of periodic interest payments at regular intervals and return the face value to the holder at maturity. These payments can be either set at a fixed rate of floating rate. Long-dated government debt securities have terms to maturity ranging from 6 months to 25 years. The following entities are Australian Commonwealth and State Government Financing Agencies (GFA) for the purpose of these conventions: Commonwealth of Australia, New South Wales Treasury Corporation, Treasury Corporation of Victoria, Queensland Treasury Corporation, Western Australia Treasury Corporation, South Australian Government Financing Authority, Tasmanian Public Finance Corporation, Northern Territory Treasury Corporation, ACT Treasury. Long term government debt securities are the primary mechanism for the Commonwealth, State Governments and Territories of Australia to meet their long-term funding requirements. The following long term government debt securities conventions cover the two primary fixed income products issued by these authorities. These are Fixed Rate Bonds and Floating Rate Notes. These conventions reflect current market practices and are maintained by the AFMA Debt Securities Committee.