5232.0 - Australian National Accounts: Financial Accounts, Dec 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/03/2013   
   Page tools: Print Print Page Print all pages in this productPrint All

ANALYSIS AND COMMENTS


FINANCIAL MARKET SUMMARY

Selected financial instruments

Outstanding at end
Transactions during
Other changes during
Outstanding at end
Sep Qtr 2012
Dec Qtr 2012
Dec Qtr 2012
Dec Qtr 2012
$b
$b
$b
$b

Currency and deposits
Currency
58.9
4.4
-
63.2
Transferable deposits
533.6
18.6
0.2
552.3
Other deposits
1 218.4
19.1
0.2
1 237.7
Short term debt securities
Bills of exchange
120.9
-2.3
-
118.6
One name paper
326.3
16.8
0.3
343.4
Long term debt securities
Bonds, etc.
1 719.8
9.3
-4.0
1 725.1
Derivatives
Derivatives
398.2
-44.0
1.3
355.5
Loans and placements
Short term
318.3
0.9
0.1
319.3
Long term
2 517.3
30.5
-0.4
2 547.4
Shares and other equity
Listed
1 239.8
12.9
67.2
1 319.9
Unlisted
1 817.7
8.4
46.4
1 872.6
Insurance technical reserves
Reserves of pension funds and life offices
1 490.3
25.9
18.8
1 535.0
General insurance prepayments and reserves
97.4
-0.9
-
96.5

- nil or rounded to zero (including null cells)


Currency liabilities increased to $63.2b at the end of December 2012, following transactions of $4.4b during the quarter compared with transactions of $1.2b for September 2012. Deposit liabilities increased to $1,790.0b at the end of December 2012, following transactions of $37.7b during the quarter compared with the transactions of $43.4b in the previous quarter. The major contributor was the banks which accepted $34.4b. This was partially offset by rest of the world which decreased by $3.1b.

Short term debt security liabilities increased to $462.0b at the end of December 2012, following net issuances of $14.5b. Total long term debt security liabilities increased to $1,725.1b at the end of December 2012, following net issuance of $9.3b during the quarter. Rest of the World issued bonds worth $11.2b, of which $3.6b was issued domestically and $7.7b issued offshore. Other private non-financial corporations issued bonds worth $9.5b, of which $2.7b were issued domestically and $6.8b were issued offshore. National General Government issued bonds worth $8.5b, of which $8.6b was issued domestically with $0.1b in offshore bonds maturing. Central Borrowing Authorities issued bonds worth $5.0b, of which $5.8b was issued in the domestic market with $0.8b in offshore bonds maturing. Banks had $20.4b worth of bonds maturing, of which $14.0b were in domestic bonds maturing and $6.4b were in offshore bonds maturing. Securitisers had $7.3b worth of bonds maturing, of which $6.7b in domestic bonds and $0.5b in offshore bonds maturing.

The value of derivative contracts on issue at the end of December 2012 decreased by $42.7b to $355.5b. Net settlements were -$44.0b for the quarter of which the major contributors were banks -$20.4b and rest of world -$9.9b. This was offset by valuation increases of $1.3b.

Loan liabilities rose to $2,866.7b at the end of December 2012, following transactions of $31.4b during the quarter. Households borrowed $16.6b, rest of the world borrowed $11.5b and other private non-financial corporations borrowed $4.7b.

The listed share market increased by $80.1b to $1,319.9b at the end of December 2012, with net issuances of $12.9b and valuation increases of $67.2b. The major contributors to the issuances were banks which issued $5.8b and other private non-financial corporations which issued $4.3b. The value of the unlisted share market increased by $54.9b to $1,872.6b at the end of December 2012, with net issuance of $8.4b and valuation increases of $46.5b. The major contributor of the issuance was rest of world which issued $10.0b.

At the end of December 2012, the insurance technical reserves of life offices and pension funds were $1,535.0b following transactions during the quarter of $25.9b and valuation increases of $18.7b. General insurance prepayments and reserves were $96.5b following transactions during the quarter of -$0.9b.