5232.0 - Australian National Accounts: Financial Accounts, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 19/12/2013   
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ANALYSIS AND COMMENTS MARKET SUMMARY


FINANCIAL MARKET SUMMARY

Selected financial instruments

Outstanding at end
Transactions during
Other changes during
Outstanding at end
Jun Qtr 2013
Sep Qtr 2013
Sep Qtr 2013
Sep Qtr 2013
$b
$b
$b
$b

Currency and deposits
Currency
61.1
1.7
-
62.8
Transferable deposits
515.9
19.4
0.5
535.8
Other deposits
1 264.5
26.8
0.3
1 291.6
Short term debt securities
Bills of exchange
111.5
-3.8
-
107.7
One name paper
353.1
-9.3
-0.6
343.3
Long term debt securities
Bonds, etc.
1 783.3
36.0
-2.5
1 816.8
Derivatives
Derivatives
449.0
-108.8
8.7
348.9
Loans and placements
Short term
263.5
-0.7
0.7
263.5
Long term
2 723.7
26.3
6.0
2 756.0
Shares and other equity
Listed
1 347.5
6.5
117.4
1 471.3
Unlisted
2 068.8
19.2
46.4
2 134.4
Insurance technical reserves
Reserves of pension funds and life offices
1 654.6
30.2
57.6
1 742.4
General insurance prepayments and reserves
97.2
2.1
-
99.3

- nil or rounded to zero (including null cells)


Currency liabilities increased to $62.8b at the end of September 2013, following transactions of $1.7b during the quarter compared with transactions of -$0.2b for June 2013. Deposit liabilities increased to $1,827.4b at the end of September 2013, following transactions of $46.2b during the quarter compared with transactions of $2.8b in the previous quarter. The major contributor was banks which increased by $59.6b. This was offset by other depository corporations which decreased by $10.5b.

Short term debt security liabilities decreased to $451.0b at the end of the September quarter 2013, following maturities of $13.1b. Total bonds liabilities increased to $1,816.8b at the end of September 2013, following net issuance of $36.0b during the quarter. The national general government issued bonds worth $20.9b, of which $20.8b was issued domestically and $0.1b issued offshore. Securitisers issued bonds worth $5.9b, of which $7.2b was issued domestically and $1.3b matured offshore. Other private non-financial corporations issued bonds worth $4.6b, of which $0.7b was issued domestically and $4.0b was issued offshore. Central borrowing authorities had net maturities bonds worth $1.4b, of which $0.7b matured domestically and $0.7b matured offshore.

The value of derivative contracts on issue at the end of September 2013 decreased by $100.1b to $348.9b. Net settlements were -$108.8b for the quarter of which the major contributors were banks -$41.5b, rest of the world -$27.5b and other depository corporations -$19.2b.

Loan liabilities rose to $3019.5b at the end of September 2013, following transactions of $25.6b during the quarter. Households and Other private non-financial corporations both borrowed $11.8b, state and local general government borrowed $5.7b and banks borrowed $1.2b. Securitisers repaid $1.5b.

The listed share market increased by $123.8b to $1,471.3b at the end of September 2013, with net issuances of $6.5b and valuation increases of $117.3b. The major contributors to the issuances were other private non-financial corporations which issued $3.0b, non-money market financial investment funds which issued $1.6b and banks which issued $1.5b. The value of the unlisted share market increased by $65.6b to $2,134.4b at the end of September 2013, with net issuances of $19.2b and valuation increases of $46.4b. The major contributors to the issuances were rest of world which issued $12.7b, other private non-financial corporations which issued $5.7b and non-money market investment funds which issued $1.7b. This was offset by money market financial investment funds which bought back $1.4b worth of shares.

At the end of September 2013, the insurance technical reserves of life offices and pension funds were $1,742.5b following transactions during the quarter of $30.2b and valuation increases of $57.7b. General insurance prepayments and reserves were $99.3b following transactions during the quarter of $2.1b.