The securities purchased under the Public Sector Purchase Programme (PSPP) should be made available for lending in a decentralised manner. The aim of securities lending is to support bond and repo market liquidity without disrupting normal repo market activity.
Latvijas Banka makes its holdings in the PSPP available for securities lending by participating in the strategic lending facility (ASLplus) and Automated Securities Lending (ASL) programme of Clearstream Banking Luxembourg (CBL) for purposes of mitigating settlement fails.
In December 2018, implementing the public sector purchase programme (PSPP), Latvijas Banka purchased securities issued by the Latvian government and international organisations located in the euro area amounting to 18.6 million euro. Overall, Latvijas Banka has purchased securities totalling 7 423.1 million euro under the PSPP, including 1 808.4 million euro in 2015, 2 548.9 million euro in 2016, 2 362.7 million euro in 2017.and 703.1 million euro in 2018.