As a dealer of Dutch municipal debt we provide in-depth research on the safety nets that the central government has put in place for lower governments. We explain how the safety nets work and why regulators consider lower government as exposure to the central government, which has resulted in zero-risk weighting for municipal bonds and bilateral loans.


For borrowers and lenders in the Dutch public sector debt market, which also includes housing associations, we write weekly and monthly reports on market, macro and institutional  developments.