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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Mar 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/05/2009   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2009 26 August 2009
September 2009 25 November 2009



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

Dec Qtr 2008
Mar Qtr 2009
Dec Qtr 2008 to Mar Qtr 2009
$m
$m
% change

Total assets at end of qtr
224 516
204 340
-9.0
of which
Mortgages
Residential
155 652
146 818
-5.7
Non-residential
8 102
7 250
-10.5
Total liabilities at end of qtr
224 516
204 340
-9.0
of which
Asset backed Securities
Issued domestically
138 941
125 061
-10.0
Issued off shore
69 027
64 708
-6.3



Assets of Securitisers

At the end of the March quarter 2009, total assets of Australian securitisers were $204.3b, down $20.2b (9.0%) on the December quarter 2008 total. This is the seventh consecutive 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 75.4% of total assets, were $154.1b at 31 March 2009, a decrease of $9.7b (5.9%) during the quarter.

During the March quarter 2009 the decrease in total assets was due primarily to decreases in residential mortgages (down $8.8b, 5.7%) and holdings of long term securities asset backed bonds (down $4.7b, 26.5%).

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



Liabilities of Securitisers

The decrease of $20.2b in total liabilities during the March quarter 2009 was due to decreases in long term asset backed securities issued in Australia (down $8.5b, 7.9%), short term asset backed securities issued in Australia (down $5.3b, 17.4%) and asset backed securities issued overseas (down $4.3b, 6.3%). These were slightly offset by an increase in loans and placements (up $2.1b, 30.5%).

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


The fallout of events in global financial markets has continued to limit the ability of securitisers to issue debt securities during the March quarter 2009.

Asset backed securities issued overseas as a proportion of total liabilities increased to 31.7% in the March quarter 2009, up 0.9 percentage points on the December quarter 2008.

Asset backed securities issued domestically as a proportion of total liabilities decreased to 61.2% , down 0.7 percentage points on the December quarter 2008.

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



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