The rights and obligations of Primary Dealers and the conditions of application for the admission to the Primary Dealer system of Hungarian government securities.

Primary Dealers are the key partners of the Government Debt Management Agency (AKK) in the sales of HUF denominated government securities. Investors can buy government securities typically exclusively via Primary Dealers. Primary Dealers quote continuously two-way prices for tradeable government securities. Currently there are 10 banks and 1 brokerage house among the Primary Dealers.

Major part of Hungarian government securities are issued through auctions. Investors can make bids for the auctions via Primary Dealers. See bellow a short introduction to the Hungarian practice of auction issuance.

Primary Dealers are obliged to quote two-way prices for goverment bonds and discount treasury bills with maturities longer than 90 days. Each Primary Dealer is obliged to quote prices for benchmark (on-the-run) bonds and T-Bills. Market makers of less liquid series are listed below.

Prospectuses, Terms and other conditions of Hungarian government securities which are being issued.

The most important Hungarian laws and other regulations concerning investments in government securities.