5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Jun 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2009
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For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Andrew Begg on Canberra (02) 6252 6643.
Assets of Securitisers
At the end of the June quarter 2009, total assets of Australian securitisers were $194.3b, down $13.5b (6.5%) on the March quarter 2009 total. This is the eighth consecutive fall for the assets of Australian securitisers.
Mortgage assets, which accounted for 74.3% of total assets, were $144.4b at 30 June 2009, a decrease of $9.6b (6.3%) during the quarter.
During the June quarter 2009 the decrease in total assets was due primarily to decreases in residential mortgages (down $9.0b, 6.1%), the holdings of other assets (down $2.7b, 26.1%) and the holdings of other loans (down $1.4b, 8.5%).
Liabilities of Securitisers
The decrease of $13.5b in total liabilities during the June quarter 2009 was due to decreases in asset backed securities issued overseas (down $6.7b, 10.3%), long term asset backed securities issued in Australia (down $3.1b, 3.1%), and loans and placements (down $2.4b, 27.6%).
The contraction of debt markets following the global financial crisis has continued to limit the ability of securitisers to issue debt securities during the June quarter 2009.
Asset backed securities issued overseas as a proportion of total liabilities decreased to 29.9% in the June quarter 2009, down 1.3 percentage points on the March quarter 2009 total.
Asset backed securities issued domestically as a proportion of total liabilities increased to 64.1% in the June quarter 2009, up 2.2 percentage points on the March quarter 2009 total.
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