Asset-Backed Securities Purchase Programme (ABSPP)

The ECB’s press release dated 2 October 2014 also outlined the operational details of the asset-backed securities (ABSs) purchase programme. The purchases of simple and transparent ABSs issued by the private sector on the primary and secondary markets began on 21 November 2014. Purchases under the ABSPP are conducted on behalf of the Eurosystem by the Nationale Bank van België/Banque Nationale de Belgique, the Deutsche Bundesbank, the Banco de España, the Banque de France, the Banca d’Italia and De Nederlandsche Bank.