Hi Conks, quality stuff as always. I see Barclays being referred in a lot of these visuals so I just wanna know about a couple things:
1. Why is Barclays being mentioned under primary dealer instead of Foreign bank? Aren't they British? Or are they bigger than the existing US players in the field, therefore warranting separate mention?
2. Does Barclays have any "unique" characteristics, like how Triparty is dealt only by BNY?
Hi Conks, quality stuff as always. I see Barclays being referred in a lot of these visuals so I just wanna know about a couple things:
1. Why is Barclays being mentioned under primary dealer instead of Foreign bank? Aren't they British? Or are they bigger than the existing US players in the field, therefore warranting separate mention?
2. Does Barclays have any "unique" characteristics, like how Triparty is dealt only by BNY?
Thanks, and please keep up the good work!
barclays simply is a prominent primary dealer that is also a foreign bank
its foreign bank branch and dealer subsidiary are different legal entities