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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Mar 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/05/2008   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2008 26 August 2008
September 2008 25 November 2008



REVISIONS IN THIS ISSUE

Incorporation of the latest survey data has resulted in revisions to estimates for September and December 2007 quarters, across most items.


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 2007
Mar Qtr 2008
% change Dec Qtr 2007 to Mar Qtr 2008
$m
$m
%

Total assets at end of qtr
260 208
263 860
1.4
of which
Mortgages
Residential
189 462
192 290
1.5
Non-residential
10 105
10 052
-0.5
Total liabilities at end of qtr
260 208
263 860
1.4
of which
Asset backed Securities
Issued domestically
164 053
173 208
5.6
Issued off shore
78 557
69 574
-11.4



Assets of Securitisers

At the end of the March quarter 2008, total assets of Australian securitisers were $263.9b, up $3.7b (1.4%) on the December quarter 2007 total. A slight increase following reported decreases in September and December 2007 quarters.

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


Mortgage assets, which accounted for 76.7% of total assets, were $202.3b at 31 March 2008, an increase of $2.8b (1.4%) during the quarter.

During the March quarter 2008, residential mortgages increased by $2.8b (1.5%), while long term asset backed securities increased $1.2b (5.8%).

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



Liabilities of Securitisers

The increase of $3.7b in total liabilities during the March quarter 2008, was due to an increase in long term asset backed securities issued in Australia (up 11.8b, 9.9%) and loans and placements (up $4.0b, 53.5%), while asset backed securities issued overseas decreased (down $9.0b, 11.4%).

The fallout of events in global financial markets have resulted in movements from offshore to domestic markets. Long term asset backed securities issued domestically recorded a record high while short term asset backed securities issued domestically remained at a relative high level.

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


Asset backed securities issued overseas fell to 26.4% of total liabilities in the March quarter 2008, down 3.8 percentage points on the December quarter 2007.

Asset backed securities issued domestically increased to 65.6% of total liabilities, up 2.6 percentage points on the December quarter 2007.

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



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