Due to international regulations and conventions, banks that issue stocks must not sell such valuable papers to other banks or other institutional investors. This is only allowed in the secondary market, with the appropriate ISIN or WKN number, upon the valued papers have acquired the securities property after the investment.
Therefore, the funds of the private Investor undertake the intermediary role as an intermediary, through a trading company in the primary market, but in reality there is no such role. In order to make the valuable paper sufficient, proof of the value purchase price is nessecary. Private investment fund is the necessary link between banks and final buyers who issue bonds of value. In general, such a process will be done in less than a day, which means that investment fund can be used as evidence of fund that is needed several times a day. The targeted earnings between purchase and sale is called Fall Out. It is divided among the participants.