Clocked Type Theory (CloTT) is a type theory for guarded recursion useful for programming with coinductive types, encoding productivity in types, and for reasoning about advanced programming language features using an abstract form of step-indexing. CloTT has previously been shown to enjoy a number of syntactic properties including strong normalisation, canonicity and decidability of type checking. In this paper we present a denotational semantics for CloTT useful, e.g., for studying future extensions of CloTT with constructions such as path types.

The main challenge for constructing this model is to model the notion of ticks used in CloTT for coinductive reasoning about coinductive types. We build on a category previously used to model guarded recursion, but in this category there is no object of ticks, so tick-assumptions in a context can not be modelled using standard tools. Instead we show how ticks can be modelled using adjoint functors, and how to model the tick constant using a semantic substitution.