Riga, Latvia, 2014-10-31 14:10 CET (GLOBE NEWSWIRE) -- As of 30 October 2014 AS SEB banka has split it`s rights and obligation under the primary dealers agreement among AS SEB banka (with regards to the primary market) AB SEB bankas (with regards to the secondary market).
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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