Qualifying conditions for the status of Primary Dealer in Letras

  •  To be holders of a securities account in their own name in the Public Debt Market in Book Entries.
  •  To fulfil the requirements that are established in terms of the provision of technical and human resources, as well as satisfy the other financial and legal conditions that are required in order to be classified as members with full faculties in at least one of the regulated markets or multilateral trading systems determined by the General Secretariat of the Treasury and International Finance.
  •  To be active during a minimum period of one month, demonstrating through their activity in the primary and secondary markets in Treasury Bills that they have a commitment to the Spanish market in public debt similar to that required of all Market Makers.