ANALYSIS AND COMMENTS MARKET SUMMARY
FINANCIAL MARKET SUMMARY
Selected Financial Instruments |
|  |
| Outstanding
at end | Trans- actions during | Other changes during | Outstanding
at end | |
| Jun Qtr 2007 | Sep Qtr 2007 | Sep Qtr 2007 | Sep Qtr 2007 | |
| Selected Financial Instruments | $b | $b | $b | $b | |
| |
| Currency and deposits | 1 210.5 | 22.5 | 7.9 | 1 240.9 | |
| Short term debt securities | 496.7 | 93.1 | -1.7 | 588.2 | |
| Long term debt securities | 949.5 | 18.5 | -6.9 | 961.2 | |
| Derivatives | 226.4 | 5.2 | 22.3 | 253.9 | |
| Loans and placements | 2 601.1 | 53.6 | 3.3 | 2 658.0 | |
| Listed shares | 1 605.7 | 24.1 | 26.9 | 1 656.7 | |
| Unlisted shares | 1 118.2 | 33.4 | 24.8 | 1 176.4 | |
| Reserves of life offices and pension funds | 1 178.3 | 21.0 | 14.2 | 1 213.6 | |
| General insurance prepayments and reserves | 65.7 | 2.1 | 0.0 | 67.8 | |
| |
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.
Print Page
Print All