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Introduction sectionGovernment Bond Specialists

Government Bond Specialists

Dealers that are market makers (primary dealers) have obligations as to subscriptions in government bond auctions and trading volumes on the secondary market. These give rise to some privileges, among which is the right to exclusive participation in supplementary placements of the issuance auctions. (See articles 4 and 9 of the “Specialists Decree - Selection and Evaluation of Specialists in Government Bonds (of Nov 2011 and amendments of Dec 2021)” published in the Laws and regulations section)

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