5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Mar 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/05/2009
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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 March quarter 2009, total assets of Australian securitisers were $204.3b, down $20.2b (9.0%) on the December quarter 2008 total. This is the seventh consecutive fall for the assets of Australian securitisers.
Mortgage assets, which accounted for 75.4% of total assets, were $154.1b at 31 March 2009, a decrease of $9.7b (5.9%) during the quarter.
During the March quarter 2009 the decrease in total assets was due primarily to decreases in residential mortgages (down $8.8b, 5.7%) and holdings of long term securities asset backed bonds (down $4.7b, 26.5%).
Liabilities of Securitisers
The decrease of $20.2b in total liabilities during the March quarter 2009 was due to decreases in long term asset backed securities issued in Australia (down $8.5b, 7.9%), short term asset backed securities issued in Australia (down $5.3b, 17.4%) and asset backed securities issued overseas (down $4.3b, 6.3%). These were slightly offset by an increase in loans and placements (up $2.1b, 30.5%).
The fallout of events in global financial markets has continued to limit the ability of securitisers to issue debt securities during the March quarter 2009.
Asset backed securities issued overseas as a proportion of total liabilities increased to 31.7% in the March quarter 2009, up 0.9 percentage points on the December quarter 2008.
Asset backed securities issued domestically as a proportion of total liabilities decreased to 61.2% , down 0.7 percentage points on the December quarter 2008.
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