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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Sep 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/11/2008   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2008 25 February 2009
March 2009 26 May 2009



REVISIONS IN THIS ISSUE

Incorporation of the latest survey data has resulted in revisions to estimates from December quarter 2007 across most items.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Deborah Macpherson on Canberra (02) 6252 7709.


SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities

Jun Qtr 2008
Sep Qtr 2008
% change Jun Qtr 2008 to Sep Qtr 2008
$m
$m
%

Total assets at end of qtr Sep 2008
239 448
229 124
-4.3
of which
Mortgages
Residential
171 229
163 961
-4.2
Non-residential
8 648
8 357
-3.4
Total liabilities at end of qtr Sep 2008
239 448
229 123
-4.3
of which
Asset backed Securities
Issued domestically
151 233
146 926
-2.8
Issued off shore
68 372
67 388
-1.4



Assets of Securitisers

At the end of the September quarter 2008, total assets of Australian securitisers were $229.1b, down $10.3b (4.3%) on the June quarter 2008 total. This is the fifth consecutive fall for the assets of Australian securitisers.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: Percentage Change In Total Assets, from previous quarter


Mortgage assets, which accounted for 75.2% of total assets, were $172.3b at 30 September 2008, a decrease of $7.6b (4.2%) during the quarter.

During the September quarter 2008, residential mortgages decreased by $7.3b (4.2%), while holdings of long term asset backed securities decreased $2.9b (14.0%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: NET ACQUISITION OF MORTGAGES DURING QUARTER



Liabilities of Securitisers

The decrease of $10.3b in total liabilities during the September quarter 2008 was due to decreases in short term asset backed securities issued in Australia (down $4.2b, 10.5%), loans and placements (down $2.6b, 24.9%), and other liabilities-residents (down $1.3b, 16.7%).

CHANGE IN ASSET BACKED SECURITIES, from previous quarter
Graph: CHANGE IN ASSET BACKED SECURITIES, from previous quarter


The fallout of events in global financial markets has continued to limit the ability of securitisers to issue debt securities during the September quarter 2008.

Asset backed securities issued overseas increased to 29.4% of total liabilities in the September quarter 2008, up 0.9 percentage points on the June quarter 2008.

Asset backed securities issued domestically increased to 64.1% of total liabilities, up 1.0 percentage points on the June quarter 2008.

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph: ASSET BACKED SECURITIES, (percentage of total liabilities)



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