Primary dealer banks have an important role in the implementation of government borrowing and ensuring secondary market liquidity. The State Treasury selects primary dealers to act as the lead banks for arranging syndicated issues. They are also entitled to take part in the auctions organised by the State Treasury.
Primary dealers provide bid and ask prices on the secondary market for government benchmark bonds, which are the most important government bonds.
Co-operation with primary dealers is based on primary dealer agreement: Primary Dealer Agreement 2019 (pdf)
The State Treasury of Finland currently has fourteen primary dealers: