After an applicant is found fit by the State Bank of Pakistan, a letter would be issued for its appointment as Primary Dealer
for a period of one year.
Fourth, for obvious reasons, it was necessary to clarify the reasons and the conditions under which the Federal Reserve Bank of New York would alter its relationship with a primary dealer
As noted above, among the private participants in the market are the so-called primary dealers
AND THEIR ASSOCIATION WITH THE FEDERAL RESERVE BANK OF NEW YORK
If the finance ministry disqualifies Samsung, which has been designated a primary dealer
since 1999 when the system was introduced, it would be degraded to a preliminary primary dealer
Al-Roshoud, explained that KFH has a long track-record of participating in IILM's issuances since its inception where KFH was the first bank in Kuwait nominated as a primary dealer
. He reiterated that IILM's Sukuk lured Islamic and conventional banks to take part in the trading which is in line with KFH's endeavors to improve Islamic finance industry at the global level.
Treasury transaction reports to determine if the primary dealer
had Troubled Asset Relief Program (TARP) funds outstanding by the loan date.
Proprietary Trading of Government Securities on the stock exchanges provided such trading is carried out by the Primary Dealers
(PDs) directly on the workstation given by the exchange for this purpose.
Both permanent and temporary open market operations have traditionally been conducted with a limited number of counterparties known as primary dealers
. Although the roots of this primary dealer
system trace to 1935, when the Fed was first prevented from buying bonds directly from the U.S.
The Indonesian finance ministry has appointed PT Bank HSBC Indonesia as a primary dealer
of government bonds, according to Reuters.
The State Bank of Pakistan recently, 2nd year in a row has declared JS Bank as the Number 1 Primary Dealer
of Government Securities for the year 2011-12.
Global Banking News-April 18, 2011--Goldman Sachs India to launch primary dealer
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