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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, September 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/11/2009   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2009 24 February 2010
March 2010 26 May 2010



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.


SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)

Jun Qtr 2009
Sep Qtr 2009
Jun Qtr 2009 to Sep Qtr 2009
$m
$m
%

Total assets at end of qtr
193 207
174 153
-9.9
of which
Mortgages
Residential
136 305
128 899
-5.4
Non-residential
7 069
5 943
-15.9
Total liabilities at end of qtr
193 207
174 153
-9.9
of which
Asset backed Securities
Issued domestically
123 456
111 972
-9.3
Issued off shore
58 012
49 437
-14.8

(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.



Assets of Securitisers

At the end of the September quarter 2009, total assets of Australian securitisers were $174.2b, down $19.1b (9.9%) on the June quarter 2009 total. This is the ninth consecutive quarterly fall for the assets of Australian securitisers.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: Percentage Change In Total Assets, from previous quarter


Mortgage assets, which accounted for 77.4% of total assets, were $134.8b at 30 September 2009, a decrease of $8.5b (6.0%) during the quarter.

During the September quarter 2009, the decrease in total assets was due primarily to decreases in residential mortgages (down $7.4b, 5.4%), the holdings of cash and deposits (down $3.5b, 42.8%), the holdings of other assets (down $3.5b, 45.5%) and the holdings of long term securities, asset backed bonds (down $2.1b, 13.4%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: NET ACQUISITION OF MORTGAGES DURING QUARTER



Liabilities of Securitisers

The decrease of $19.1b in total liabilities during the September quarter 2009 was due primarily to decreases in long term asset backed securities issued in Australia (down $10.4b, 10.5%) and asset backed securities issued overseas (down $8.6b, 14.8%). In September quarter 2009 new issues of debt securities have remained low and some securitisers have exited the industry.

CHANGE IN LEVEL OF ASSET BACKED SECURITIES, from previous quarter
Graph: CHANGE IN LEVEL OF  ASSET BACKED SECURITIES, from previous quarter


Asset backed securities issued overseas as a proportion of total liabilities decreased to 28.4% in the September quarter 2009, down 1.6 percentage points on the June quarter 2009 total.

Asset backed securities issued domestically as a proportion of total liabilities increased to 64.3% in the September quarter 2009, up 0.4 percentage points on the June quarter 2009 total.

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph: ASSET BACKED SECURITIES, (percentage of total liabilities)



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