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