In the context of payment and securities settlement systems, the Bundesbank acts not just as an operator of payment systems and as catalyst for desired changes on the market but is also entrusted with the task of oversight.

The underlying idea behind a securitisation is to bundle together a pool of assets, repackage them as tradable securities and place them in the capital market. This allows firms to sell their customer exposures, obtain funding from the capital market and invest the proceeds. Banks use securitisation for, amongst other things, refinancing, own funds relief, credit risk mitigation and portfolio management.