primary dealer
A financial institution, broker-dealer or bank approved to do business with the U.S. Federal Reserve. A primary dealer can underwrite government debt and is obligated to make markets in government securities such as T-Bills, notes and bonds. Such dealers must report their activity daily to the Federal Reserve and have to meet stringent requirements to be considered.
Browse by Subjects
uncovered option
daily cut-off
hostile bid
will
Bundesfinanzhof