5232.0.55.001 - Assets and Liabilities of Australian Securitisers, September 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/11/2009
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For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.
Assets of Securitisers
At the end of the September quarter 2009, total assets of Australian securitisers were $174.2b, down $19.1b (9.9%) on the June quarter 2009 total. This is the ninth consecutive quarterly fall for the assets of Australian securitisers.
Mortgage assets, which accounted for 77.4% of total assets, were $134.8b at 30 September 2009, a decrease of $8.5b (6.0%) during the quarter.
During the September quarter 2009, the decrease in total assets was due primarily to decreases in residential mortgages (down $7.4b, 5.4%), the holdings of cash and deposits (down $3.5b, 42.8%), the holdings of other assets (down $3.5b, 45.5%) and the holdings of long term securities, asset backed bonds (down $2.1b, 13.4%).
Liabilities of Securitisers
The decrease of $19.1b in total liabilities during the September quarter 2009 was due primarily to decreases in long term asset backed securities issued in Australia (down $10.4b, 10.5%) and asset backed securities issued overseas (down $8.6b, 14.8%). In September quarter 2009 new issues of debt securities have remained low and some securitisers have exited the industry.
Asset backed securities issued overseas as a proportion of total liabilities decreased to 28.4% in the September quarter 2009, down 1.6 percentage points on the June quarter 2009 total.
Asset backed securities issued domestically as a proportion of total liabilities increased to 64.3% in the September quarter 2009, up 0.4 percentage points on the June quarter 2009 total.
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