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Asset Purchase Programmes

The expanded asset purchase programme (APP), as announced in January 2015, added the purchase programme for public sector securities to the existing private sector asset purchase programmes (CBPP3 and ABSPP) announced in September 2014, to address the risks of a too prolonged period of low inflation.

Ιt currently comprises the following purchase programmes

  • third covered bond purchase programme (CBPP3)
  • asset-backed securities purchase programme (ABSPP)
  • public sector purchase programme (PSPP)

For more information on the Eurosystem’s asset purchase programmes, you can visit the ECB website:
Asset purchase programmes’.

SECURITIES
AVAILABLE FOR LENDING IN THE CONTEXT OF THE PUBLIC SECTOR PURCHASE PROGRAMME (PSPP) AND THE SECURITIES MARKETS PROGRAMME (SMP)

 As of 2 April 2015, the Governing Council of the ECB decided that the securities purchased by the Eurosystem under the public sector purchase programme (PSPP), are made available for securities lending in a decentralized manner by a number of Eurosystem central banks. The aim of PSPP securities lending is to maintain bond and repo market liquidity without disrupting normal repo market activity.

In this context, the Bank of Greece makes the securities purchased under the PSPP and the SMP that are also eligible under the PSPP available for securities lending via the Fails mitigation programme (Automatic Securities Lending) and Agency Lending (GC Acess) Programme of the Euroclear Bank SA. 

List of security codes (ISINs) - of Bank of Greece PSPP and SPM -holdings available for lending.

For more information on the securities lending arrangements , you can visit the ECB website: