Bank Dealer

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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 ?
Foreign bank dealers said the central bank had encouraged them to limit their foreign exchange holdings in a bid to reduce speculation.
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.
Foreign exchange broking houses use teams of brokers, dedicated to each currency, who are constantly in touch with a range of active bank dealers.
Still, bank dealers say they do not expect the dollar to stage a strong rally anytime soon and may dip below the 130 yen line in response to rising Japanese stock prices.
Instead, with the year-end approaching, demand for dollars from bank customers and by bank dealers themselves, who moved to square positions in increasingly thin markets, kept the dollar relatively well bid.
Some Japanese bank dealers were also seen selling the yen for the dollar to adjust net funds on their hands.
But it turned out that Japanese commercial bank dealers and institutional investors were buying the U.
dollar eased against the yen in Tokyo on Friday on selling by institutional investors and bank dealers.
companies, that could be worse than expected,'' the Aozora Bank dealer said.
The market is divided fifty-fifty over what decision the ECB will make, and there might be some unexpected moves in euro-dollar trading," the commercial bank dealer said.