The Government Debt Management Agency Private Company Limited by Shares („ÁKK Zrt.”) and Morgan Stanley Europe SE („MSESE”) have signed the Primary Dealer („PD") agreement as of July 1, 2026.
MSESE has held a Non-PD Market Maker status in the Hungarian government securities market since March 2023. Following this agreement, which will take effect on July 1, it will also be able to contribute to enhancing liquidity in the Hungarian forint government securities market and serving its clients in its capacity as a Primary Dealer (PD).
The purpose of the Primary Dealer Contract is to enable ÁKK Zrt., through the Primary Dealers, to publicly place the government securities, to make them available to investors as widely as possible and to ensure the liquidity of the government securities through the secondary market activities of the Primary Dealers.
Morgan Stanley Europe SE, headquartered in Frankfurt/Germany, is Morgan Stanley’s primary investment service hub for the business operations between institutional clients in the European Economic Area (“EEA”) and other Morgan Stanley Group companies. The company’s principal business units are the Institutional Equities Division, Fixed Income Division, Investment Banking Division and Capital Markets.