A Primary Dealer (PD) is a financial institution that acts as an underwriter of government securities in primary auctions. In case the auction committee finds the offered bids unacceptable, they can devolve securities in Primary Dealers. PDS receive periodic underwriting commission on successful bids and developed amount. Primary Dealers Bangladesh Limited (PDBL) is the apes body of primary dealer banks operating in Bangladesh.
The main objective if PDBL is to create a deep and vibrant secondary market of government securities in Bangladesh. PDBL has a technical committee that consists of representatives from Bangladesh Bank, Bangladesh Association of Banks (BAB) and the Bangladesh Foreign Exchange Dealers' Association (BAFEDA). Primary dealers are financial institutions that have a direct relationship with a country's central bank or monetary authority to participate in the buying and selling of government securities.