on a principal basis fin.

[Mishonok]

Помогите перевести в таком контексте, плз:

ХХХ sells la and buys from customers the securities/instruments of companies covered in its research reports on a principal basis.

TIA

[Mishonok]

не может ли это быть в качестве принципала?

[Mishonok]

Here we are ))

На агентской основе (на основе агентских отношений) -

principal basis -- the sale of securities through a dealer or group of dealers who buy and sell the securities at least initially for their own portfolios, assuming the market risk of holding the securities, and then selling the securities from their own inventory to their customers at a markup. See agency basis.