Bank Dealer

Bank Dealer

1. A department within a bank registered and therefore legally permitted to buy and sell municipal bonds on its own account, rather than only on the accounts of clients.

2. A bank that is registered and therefore legally permitted to buy and sell government securities on its own account. Because the stability of the financial system depends on banks remaining solvent, bank dealers may only invest in securities deemed to be low risk, or "bank grade."
References in periodicals archive ?
Because of these qualities, it is but natural that bank to bank dealer to dealer platforms lose clients and investors to these newer and more efficient (http://ibtradeoptionstrader.
There is also an expectation that the European Central Bank will cut rates and the euro is expected to edge down,'' the senior Japanese bank dealer said.
6 or even stronger," a Chinese bank dealer in Shanghai said.
The main thing is that the demand for the Golf has jumped considerably," said BW Bank dealer Raed Mustafa.
The dollar is poised to face selling on the Middle East situation,'' a New York-based major Japanese bank dealer said.
There is a strong possibility of the BOJ carrying out dollar-supporting intervention in Tokyo next week," the Japanese bank dealer said.
The central bank has really made it impossible for anyone to keep any kind of long, or even short, position in the foreign exchange market," one foreign bank dealer said.
Tom Pritchard, President of US Bank Dealer Commercial Services, commented, "Our business revolves around a flexible model whereby dealers can rely on US Bank for all levels of financial service and guidance, be they simple banking services or complex financing arrangements such as this new credit facility for Lithia Motors.
The situation does not allow us to be totally optimistic about the euro,'' a major bank dealer said.
The dollar is unlikely to regain that level even with the strongest BOJ intervention," the British bank dealer said.
Bank Dealer Commercial Services, recognized nationally for its success in dealer inventory financing, has announced a new partnership with the ROUTE 66 RV Network.
employment data turn out to be stronger than expected, the currency could reach the upper limit of the projection, the Aozora Bank dealer said.