5232.0 - Australian National Accounts: Finance and Wealth, Sep 2014 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/12/2014   
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SELECTED FINANCIAL INSTRUMENTS



Outstanding at end
Transactions during
Other changes during
Outstanding at end
Jun Qtr 2014
Sep Qtr 2014
Sep Qtr 2014
Sep Qtr 2014
$b
$b
$b
$b

Currency and deposits
Currency
64.6
1.3
-
65.9
Transferable deposits
635.2
18.6
2.0
655.7
Other deposits
1 333.4
3.3
14.3
1 351.0
Short term debt securities
Bills of exchange
95.2
-4.3
-
90.9
One name paper
398.0
-8.4
1.5
391.1
Long term debt securities
Bonds, etc.
1 956.3
69.6
8.5
2 034.5
Derivatives
Derivatives
350.4
-3.7
120.4
467.1
Loans and placements
Short term
284.4
-0.5
2.6
286.6
Long term
3 002.2
35.9
21.1
3 059.3
Shares and other equity
Listed
1 558.4
7.9
-30.8
1 535.5
Unlisted
2 514.5
26.3
32.1
2 572.9
Insurance technical reserves
Reserves of pension funds and life offices
1 799.0
13.4
2.6
1 815.0
General insurance prepayments and reserves
100.7
1.5
-
102.2

- nil or rounded to zero (including null cells)


The September quarter 2014 issuance of bonds of $69.6b was the highest on record since June quarter 2009, the majority of this issuance ($63.5b) was issued in Australia. In contrast, the loan market transactions fell from its June quarter 2014 high of $92.2b to $35.4b in the September quarter 2014. The main contributors to the issuance of bonds were securitisers ($27.9b), national general government ($18.6b) and banks ($12.2b). The securitiser issuance was mainly made up of banks internal securitised bonds. Households and other private non-financial corporations borrowing via the loan market drove the September quarter figures, however not at the same record levels seen in the June quarter 2014. Households borrowed $37.8b in the June quarter 2014 and $16.8b in September 2014. Other private non-financial corporations borrowed $23.3b in the June quarter, and $11.3b in the September quarter. For Bills of exchange, the September quarter 2014 net redemption of $4.3b marked 22 quarters of net redemptions since June quarter 2009.

The listed share market declined by $22.9b, with net transaction of $7.9b and valuation declines of -$30.8b. Valuation declines were also recorded in June quarter 2014 (-$2.2b), with the previous decline being recorded in June quarter 2013, at -$61.2b. The major contributor of the valuation declines in September quarter 2014, were recorded in banks shares and other private non-financial corporations shares, recording -$24.2b and -$10.5b respectively. The September quarter 2014 transactions in the unlisted share market of $30.3b was driven by issuance by other private non-financial corporation of $21.9b, of which the rest of world held $8.7b, pension funds held $5.7b and private non-financial investment funds held $4.2b.