5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Dec 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/02/2009
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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 December quarter 2008, total assets of Australian securitisers were $225.6b, down $3.5b (1.5%) on the September quarter 2008 total. This is the sixth consecutive fall for the assets of Australian securitisers.
Mortgage assets, which accounted for 72.5% of total assets, were $163.6b at 30 December 2008, a decrease of $8.8b (5.1%) during the quarter.
During the December quarter 2008, residential mortgages increased (up $8.3b, 5.1%). This was offset by an increase in other assets (up $4.8b, 58.0%), and holdings of long term asset backed securities (up $1.1b, 6.4%).
Liabilities of Securitisers
The decrease of $3.5b in total liabilities during the December quarter 2008 was due to decreases in short term asset backed securities issued in Australia (down $3.7b, 10.5%), long term asset backed securities issued in Australia (down $3.3b, 3.0%), loans and placements (down $1.1b, 14.1%). Offsetting increases occurred in other liabilities to resident (up $3.1b, 48.6%), and asset backed securities, issued offshore (up $1.7b, 2.5%).
Asset backed securities issued overseas increased to 30.6% of total liabilities in the December quarter 2008, up 1.2 percentage points on the September quarter 2008.
Asset backed securities issued domestically decreased to 62.0% of total liabilities, down 2.1 percentage points on the September quarter 2008.
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