Securities lending under asset purchase programmes

On 2 April 2015, the Governing Council of the ECB decided that bonds acquired by Eurosystem members under the PSPP should be made available for lending in a decentralized manner. The Governing Council’s aim was to support bond and repo market liquidity without disrupting normal repo market activity. More recently, the Eurosystem also made available for lending its PEPP holdings. 

In this context, the Central Bank of Cyprus (CBC) makes available for lending its monetary policy portfolio holdings, by participating in Euroclear and Clearstream’s strategic lending facilities (GC Access & ASLPlus) and fails mitigation facilities (SLB & ASL). Counterparties are advised to contact Euroclear and Clearstream for terms and conditions.

The list of ISINs of PSPP eligible holdings is updated on a weekly basis and can be found below.

More information on the securities lending framework can be found on the ECB's website, including aggregated data on the securities lending activity of the Eurosystem.