Intersectoral financial flows
Net transactions during March quarter 2019
During March quarter 2019, the financial sector borrowed a net $24.1b from households. This was primarily through transactions in deposits of $10.6b and superannuation reserves of $22.7b, these were partly offset by household long-term loan borrowings of $12.5b.
Non-financial corporations borrowed a net $16.2b from the rest of the world. This was primarily due to the purchase of $15.1b of non-financial corporation equity by rest of world, of which $5.5b was listed and $9.6b was unlisted, and the issuance of $6.9b of long-term debt securities. This was partly offset by the purchase of $9.4b of rest of world equity by non-financial corporations, and rest of world loan borrowings of $6.8b.
Rest of world borrowed a net $9.8b from financial corporations. This was driven by maturities of $23.1b in short-term debt securities and settlements of $19.5b in derivatives held by rest of world, partly offset by settlements in derivatives of $17.4b held by the financial corporations and rest of world long-term loan borrowings of $25.9b.

Amounts outstanding at end of March quarter 2019
Net claims on non-financial corporations were $1,147.4b from financial corporations, $986.0b from rest of world, $681.2b from households and $414.6b from general government.
Net claims on financial corporations were $1,751.8b from households. These were mainly comprised of superannuation reserves of $2,559.0b and deposits of $1,103.1b, partly offset by loan liabilities of households of $2,151.9b.
