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Definition: Security and derivative dealers
Category:
Security and derivative dealers (SDD), classified as OFIs, are financial corporations principally engaged in the following financial intermediation activities: - trading of securities on their own account, through the acquisition and sale of those securities for the account and risk of the intermediary for the exclusive purpose of benefiting from the margin between the acquisition and selling price, - trading on their own account, through a financial intermediary authorised to operate on the stock market, or on other organised markets. http://eur-lex.europa.eu/LexUriServ/site/en/oj/2005/l_109/l_10920050429en00060080.pdf
Source:
European Union, Guideline of the European Central Bank of 15 February 2005 amending Guideline ECB/2003/2 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics (ECB/2005/4)
European Union, Guideline of the European Central Bank of 15 February 2005 amending Guideline ECB/2003/2 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics (ECB/2005/4)
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