Dhaka, Bangladesh (BBN) - The central bank of Bangladesh will sit with top leaders of the Primary Dealers Bangladesh Limited (PDBL) on Sunday to devise an effective mechanism to solve the existing problems of the primary dealers (PDs), officials said.
"The central bank has been informed about the latest situation of the PDs," a senior official of the Bangladesh Bank (BB) told BBN in Dhaka, adding that the PDs problems will be discussed considering the country’s overall economic situation.
The central bank earlier selected 15 PDs -- 12 commercial banks and three non-banking financial institutions (NBFIs) -- to deal with the government-approved securities in the secondary market.
The PDs will subscribe and underwrite primary issues and make secondary trading deals with two-way price quotations.
BBN/SSR/AD-15Jan12-1:38 am (BST)