The sale of non-performing loans to specialist investors has been an important component in ensuring the liquidity of banks. In the finance sector it allows private as well as public banks, savings institutes and regional state banks to continue with their current business in improving risk structure and at the same time to obtain liquidity in order to be able to issue new loans to borrowers.

The current financial crisis shows just how important a functioning market for non-performing loans is. It serves to manage and refinance debt in a reasonable manner and thus stabilises the financial system as a whole.