5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Sep 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/11/2008
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REVISIONS IN THIS ISSUE
Incorporation of the latest survey data has resulted in revisions to estimates from December quarter 2007 across most items.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Deborah Macpherson on Canberra (02) 6252 7709.
Assets of Securitisers
At the end of the September quarter 2008, total assets of Australian securitisers were $229.1b, down $10.3b (4.3%) on the June quarter 2008 total. This is the fifth consecutive fall for the assets of Australian securitisers.
Mortgage assets, which accounted for 75.2% of total assets, were $172.3b at 30 September 2008, a decrease of $7.6b (4.2%) during the quarter.
During the September quarter 2008, residential mortgages decreased by $7.3b (4.2%), while holdings of long term asset backed securities decreased $2.9b (14.0%).
Liabilities of Securitisers
The decrease of $10.3b in total liabilities during the September quarter 2008 was due to decreases in short term asset backed securities issued in Australia (down $4.2b, 10.5%), loans and placements (down $2.6b, 24.9%), and other liabilities-residents (down $1.3b, 16.7%).
The fallout of events in global financial markets has continued to limit the ability of securitisers to issue debt securities during the September quarter 2008.
Asset backed securities issued overseas increased to 29.4% of total liabilities in the September quarter 2008, up 0.9 percentage points on the June quarter 2008.
Asset backed securities issued domestically increased to 64.1% of total liabilities, up 1.0 percentage points on the June quarter 2008.
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