We have stepped up our efforts to modernise our payments system infrastructure, and floated international tenders for the National Payment Switch.
These measures included, in particular, concentrating the instruments on the five major maturity ranges (six months, two, five, ten and 30 years), increasing the volume of individual issues, concentrating the Federal Government’s and its special funds’ borrowing on the uniform issuer’s name “Federal Republic of Germany”, introducing the stripping option in order to capture the yield curve as completely as possible, and introducing a transparent and efficient issue method.