The Greek Connection

Apparently they have no such structure currently and a team of Greek central bankers have been down to study how the primary dealer network functions here.

The Greeks will need to come down again after six months because by then the RBI is expected to have satellite dealers in place, which will form the next layer of dealers under the PDs.

These satellite dealers are likely to be the link between the government and ordinary retail investors and are unlikely to be as well capitalised as their primary counterparts. Central bankers say that the RBI governor will announce the satellite dealership guidelines in the next credit policy. And it