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European primary dealers handbook updated Q3 2017

European primary dealers handbook updated Q3 2017

Primary Dealers fulfil a key role by providing liquidity in the markets for government debt and the sovereign debt crisis emphasised the importance of Primary Dealers within the structure of the government debt markets. Each of the 16 chapters of this handbook offers a detailed description of the infrastructure of the primary and secondary market of a European country and the organisation of its Primary Dealer system. The appendices offer cross country overviews of certain organisational aspects, such as the electronic trading environment and summaries of the Primary Dealerships and sovereign credit ratings, while the preamble provides general background information on government bond trading in Europe.