ANALYSIS AND COMMENTS MARKET SUMMARY
FINANCIAL MARKET ANALYSIS
Selected Financial Instruments
Dec Qtr 2006
Mar Qtr 2007
Mar Qtr 2007
Mar Qtr 2007
|Selected Financial Instruments |
|Currency and deposits |
|Short term debt securities |
|Long term debt securities |
|Loans and placements |
|Listed shares |
|Unlisted shares |
|Reserves of life offices and pension funds |
|General insurance prepayments and reserves |
Deposit liabilities increased to $1,108.3b at the end of March 2007, following transactions of $30.0b during the quarter, compared with transactions of $59.1b in the previous quarter. Banks accepted $10.0b (down $23.5b on that accepted last quarter), other depository corporations accepted $6.5b (down $5.0b), and the central bank accepted $5.6b (down $4.5b).
Short term security liabilities increased to $472.8b at the end of March 2007. There were net issues of $0.9b, comprised of $4.0b in issues of bills of exchange and -$3.1b in one name paper. Total long term debt security liabilities increased to $915.4b at the end of March 2007, following issues of $38.1b during the quarter of which $9.0b was issued domestically and $29.1b was issued offshore. Banks issued bonds worth net $17.8b, of which $5.8b was issued domestically and $12.0b issued offshore. Financial Intermediaries n.e.c. issued bonds worth net $12.4b of which $10.2b was issued offshore, and private non-financial corporations issued net $8.2b, of which $8.6b was issued offshore.
The value of derivative contracts on issue at the end of March 2007 decreased by $2.0b to $191.1b. Components of the increase were net issues of -$14.4b and valuation increases of $12.4b.
Loan liabilities rose to $2,408.4b at the end of March 2007, following transactions of $68.8b during the quarter. Borrowing by pension funds was $23.4b, households borrowed $21.1b, and private non-financial corporations borrowed $13.5b.
The listed share market increased by $78.4b to $1,485.7b at the end of March 2007, with issues of $20.9b and valuation increases of $57.5b. Private non-financial corporations had issues of $9.4b and banks issued $7.5b. The value of the unlisted share market increased to $1,206.8b at the end of March 2007, with issues of $23.7b and valuation increases of $22.6b. Rest of the world had issues of $15.0b and financial intermediaries n.e.c. issued $3.5b.
At the end of March 2007, the reserves of life offices and pension funds were $1,066.7b following transactions during the quarter of $18.2b and valuation increases of $30.8b. General insurance prepayments and reserves were $63.7b.