A designation given by the Federal Reserve System to commercial banks or broker/dealers who meet specific criteria. Among the criteria are capital requirements and meaningful participation in the Treasury auctions.
A designation given by the Federal Reserve System to commercial banks or broker/dealers who meet specific criteria, including capital requirements and participation in Treasury auctions. see also dealer.
Usually refers to the select list of securities firms that are authorized to deal in new issues of government bonds.
A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include the Securities and Exchange Commission (SEC) - registered securities broker-dealers, banks and a few unregulated firms.
Exclusive agent of the central bank (Bank of Jamaica).
Counterparties of the central bank in the money, bond and currency markets.
One of the three dozen or so banks and investment dealers authorized to buy and sell government securities in direct dealings with the Federal reserve Bank of New York in its execution of Fed Open-Market Operations.
Primary dealer is an intermediary who buys and sells government securities and treasury bills. He is authorised by the RBI.
A securities firm that makes a market in government debt securities, acting as a principal in the trades. Federal Home Loan Bank System discount notes are sold through a group of primary dealers.
A dealer in government securities with whom the Federal Reserve will conduct open market operations.
Any of 40 firms recognized by the Treasury Department as eligible to bid on Treasury and agency securities when they are initially issued and to make a market for secondary buyers.
Usally refers to the select list of securities firm that are authorized to deal in new issues of government bonds.
Primary government securities dealer.
