ANALYSIS AND COMMENTS MARKET SUMMARY
FINANCIAL MARKET SUMMARY
Selected Financial Instruments
Trans- actions during
Other changes during
Jun Qtr 2007
Sep Qtr 2007
Sep Qtr 2007
Sep Qtr 2007
|Selected Financial Instruments |
|Currency and deposits |
|Short term debt securities |
|Long term debt securities |
|Loans and placements |
|Listed shares |
|Unlisted shares |
|Reserves of life offices and pension funds |
|General insurance prepayments and reserves |
Deposit liabilities increased to $1,240.9b at the end of September 2007, following transactions of $22.5b during the quarter. Banks accepted $39.4b (down $8.8b on that accepted last quarter), other depository corporations accepted $5.8b (down $7.4b), and domestic sectors withdrew a net of $16.0b from the rest of the world. Central bank deposit transactions were -$6.6b during the quarter, mainly driven by the withdrawal of $8.0b by the national general government.
Short term security liabilities increased to $588.2b at the end of September 2007. There were net issues of $93.1b, comprising $2.6b in issues of bills of exchange and $90.5b in one name paper. Total long term debt security liabilities increased to $961.2b at the end of September 2007, following issues of $18.5b during the quarter of which $3.9b was issued domestically and $14.6b was issued offshore. Banks issued bonds worth net $8.9b, of which $9.5b was issued offshore and $0.6b were redeemed domestically. Rest of world issued $7.6b and central borrowing authorities issued $1.9b.
The value of derivative contracts on issue at the end of September 2007 increased by $27.5b to $253.9b. Components of the increase were net issuance of $5.2b and valuation increases of $22.3b.
Loan liabilities rose to $2,658.0b at the end of September 2007, following transactions of $53.6b during the quarter. Private non-financial corporations borrowed $20.6b, households $19.0b, pension funds $18.9b and banks, $6.1b.
The listed share market increased by $51.0b to $1,656.7b at the end of September 2007, with issues of $24.1b and valuation increases of $26.9b. Private non-financial corporations issued $17.4b, Financial Intermediaries n.e.c. $5.0b and banks $1.8b during the quarter.The value of the unlisted share market increased to $1,176.4b at the end of September 2007, with issues of $33.4b and valuation increases of $24.8b. Rest of world issued $21.1b and financial intermediaries n.e.c. $7.6b during the quarter.
At the end of September 2007, the reserves of life offices and pension funds were $1,213.6b following transactions during the quarter of $21.0b and valuation increases of $14.3b. General insurance prepayments and reserves were $67.8b.