There have been changes in the primary dealers group of Latvian government securities: On 24 April 2014 Nordea Bank Finland Plc has discontinued as a primary dealer and on 25 April 2014 JSC ABLV Bank has received primary dealer`s status by signing a primary dealer agreement with the Treasury.
Primary dealers are cooperation partners of the Treasury entitled to take part in the domestic bond issues and auctions arranged by the Treasury. They provide liquidity and bid and ask prices on the secondary market for government debt securities, which are an important part of Latvia's central government borrowing. Primary dealers system was established with an aim to develop Latvia's government securities market.
Read more about the primary dealer system on the Treasury website: http://www.kase.gov.lv/l/primary-dealers/7882
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