SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Sep Qtr 2014	Dec Qtr 2014	Sep Qtr 2014 to Dec Qtr 2014
			$m	$m	%
Total assets at end of qtr			131 694	136 467	3.6
of which
	Mortgages
		Residential	105 951	111 122	4.9
		Non-residential	2 144	2 151	0.3
Total liabilities at end of qtr			131 694	136 467	3.6
of which
	Asset backed Securities
		Issued domestically	102 925	105 752	2.7
		Issued off shore	10 928	9 792	-10.4
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 31 December 2014, total assets of Australian securitisers were $136.5b, up $4.8b (3.6%) on 30 September 2014.

During the December quarter 2014, the rise in total assets was due to an increase in residential mortgage assets (up $5.2b, 4.9%) and cash and deposits (up $0.3b, 7.1%). This was partially offset by decreases in other loans (down $0.6b, 3.9%).

Residential and non-residential mortgage assets, which accounted for 83.0% of total assets, were $113.3b at 31 December 2014, an increase of $5.2b (4.8%) during the quarter.

Liabilities of Securitisers

At 31 December 2014, total liabilities of Australian securitisers were $136.5b, up $4.8b (3.6%) on 30 September 2014. The rise in total liabilities was due to the increase in long term asset backed securities issued in Australia (up $4.3b, 4.3%) and loans and placements (up $3.0b, 18.4%). This was partially offset by a decrease in short term asset backed securities issued in Australia (down $1.5b, 33.0%) and asset backed securities issued overseas (down $1.1b, 10.4%).

At 31 December 2014, asset backed securities issued overseas as a proportion of total liabilities decreased to 7.2%, down 1.1% on the September quarter 2014 percentage of 8.3%. Asset backed securities issued in Australia as a proportion of total liabilities decreased to 77.5%, down 0.7% on the September quarter 2014 percentage of 78.2%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2015	22 May 2015
June 2015	27 August 2015

REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey data. These revisions have impacted the assets and liabilities reported as at 30 September 2014 and 30 June 2014.


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