In 2014 the Eurosystem initiated an asset purchase programma (APP) as part of its unconventional monetary policy toolkipt. Under the APP, the Eurosystem purchases debt securities issued by public sector entities (PSPP), covered bonds issued by banks (CBPP3), investment grade corporate bonds (CSPP) and asset back securities (ABSPP). In 2020 the existing purchase programmes have been complemented by the addition of the Pandemic Emergency Purchase Programme. The majority of purchases conducted for the APP and PEPP in the Netherlands is executed by DNB. DNB is making the holdings of securities purchased under the public sector purchase programme (PSPP and PEPP) available for securities lending.