Crossword Genius

Working in gilts with working capital, partly (9)

Ross

I believe the answer is:

islington

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'capital partly' is the definition.
I can't tell whether this definition defines the answer.

'working in gilts with working' is the wordplay.
'working' indicates an anagram.
'with' is a charade indicator (letters next to each other).
'working' becomes 'on' (on can mean working or activated).
'in'+'gilts'='ingilts'
'ingilts' with letters rearranged gives 'islingt'.
'islingt'+'on'='ISLINGTON'

Can you help me to learn more?

(Other definitions for islington that I've seen before include "North London area" , "part of capital" , "London suburb" , "part of London?" , "NE London borough" .)

I've seen this clue in The Independent.
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