By tradition, they divide by 360, not 365, and so you understand that dealers of Treasury bills tend to quote "discounts."

习惯上他们除以360,而不是365,国库券的经销商,习惯于谈论"贴现"

耶鲁公开课 - 金融市场课程节选

But, it showed additional information that you won't find on Treasury Direct; it showed bid and ask for dealers.

但是,那里还有,"国库指南"上没有的内容,对于中间商的买入价和卖出价

耶鲁公开课 - 金融市场课程节选

Neither do the dealers determine the term structure; the dealers have to buy and sell at prices that are in the market.

中间商也不能决定,中间商只能按照市场价进行交易

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The Federal Reserve has a list which you can find on their website of dealers who are eligible to participate in Treasury security auctions.

美联储有一个交易商的名单,你可以在他们网站上找到,其中的交易商有资格,参与国库证券的竞标。

耶鲁公开课 - 金融市场课程节选

These are broker-dealers some of them are international like BNP Paribas is one of them--it's French.

它们都是经纪自营商,其中一些是国际的,比如巴黎国民银行是法国的。

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What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.

一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。

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But banks and broker-dealers are in trouble because their assets are collapsing under them.

但是银行和经纪自营商正处于困境中,因为它们的资产正在它们之中崩塌。

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When the Treasury in the United States sells Treasury bills notes and bonds they deal almost exclusively or we say primarily--with broker-dealers not the general public.

当美国的财政部,卖出国库券，票据，债券时,他们几乎是私下交易的,或者说首先与经纪自营商交易,而不是大众市场。

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Primary dealers are broker-dealers; they are not banks.

一级交易商是经纪自营商；不是银行。

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You have to know what are primary dealers.

你需要知道一级交易商是什么。

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So, for example, FINRA, which used to be called The National Association for Security Dealers, is a membership organization of people in the financial community and it imposes rules on its members.

比如说FINRA,以前被称为,全美证券商协会,这是金融界的一个会员组织,负责给协会成员,订立制度

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