SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Jun Qtr 2014	Sep Qtr 2014	Jun Qtr 2014 to Sep Qtr 2014
			$m	$m	%
Total assets at end of qtr			131 617	131 709	0.1
of which
	Mortgages
		Residential	106 871	105 966	-0.8
		Non-residential	2 107	2 131	1.1
Total liabilities at end of qtr			131 617	131 709	0.1
of which
	Asset backed Securities
		Issued domestically	101 115	102 940	1.8
		Issued off shore	12 429	10 934	-12.0
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 30 September 2014, total assets of Australian securitisers were $131.7b, up $0.1b (0.1%) on 30 June 2014.

During the September quarter 2014, the rise in total assets was due to an increase in other loans (up $0.8b, 5.1%) and cash and deposits (up $0.2b, 4.1%). This was partially offset by decreases in residential mortgage assets (down $0.9b, 0.8%).

Residential and non-residential mortgage assets, which accounted for 82.1% of total assets, were $108.1b at 30 September 2014, a decrease of $0.9b (0.8%) during the quarter.

Liabilities of Securitisers

At 30 September 2014, total liabilities of Australian securitisers were $131.7b, up $0.1b (0.1%) on 30 June 2014. The rise in total liabilities was due to the increase in long term asset backed securities issued in Australia (up $1.7b, 1.8%) and loans and placements (up $0.5b, 3.1%). This was partially offset by a decrease in asset backed securities issued overseas (down $1.5b, 12.0%).

At 30 September 2014, asset backed securities issued overseas as a proportion of total liabilities decreased to 8.3%, down 1.1% on the June quarter 2014 percentage of 9.4%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 78.2%, up 1.4% on the June quarter 2014 percentage of 76.8%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2014	20 February 2015
March 2015	22 May 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 June 2014 and 31 March 2014.


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