SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Sep Qtr 2015	Dec Qtr 2015	Sep Qtr 2015 to Dec Qtr 2015
			$m	$m	%
Total assets at end of qtr			140 432	135 942	-3.2
of which
	Mortgages
		Residential	115 671	112 009	-3.2
		Non-residential	1 878	1 776	-5.4
Total liabilities at end of qtr			140 432	135 942	-3.2
of which
	Asset backed Securities
		Issued domestically	109 268	105 974	-3.0
		Issued off shore	7 182	6 812	-5.2
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 31 December 2015, total assets of Australian securitisers were $135.9b, down $4.5b (3.2%) on 30 September 2015.

During the December quarter 2015, the decrease in total assets was due to a decrease in residential mortgage assets (down $3.7b, 3.2%), other loans (down $0.2b, 1.3%) and cash deposits (down $0.2b, 4.4%).

Residential and non-residential mortgage assets, which accounted for 83.7% of total assets, were $113.8b at 31 December 2015, a decrease of $3.8b (3.2%) during the quarter.

Liabilities of Securitisers

At 31 December 2015, total liabilities of Australian securitisers were $135.9b, down $4.5b (3.2%) on 30 September 2015. The decrease in total liabilities was due to the decrease in long term asset backed securities issued in Australia (down $3.4b, 3.1%), loan and placements (down $0.8b, 3.4%) and asset backed securities issued overseas (down $0.4b, 5.2%).

At 31 December 2015, asset backed securities issued overseas as a proportion of total liabilities decreased to 5.0%, down 0.1% on the September quarter 2015 proportion of 5.1%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 78.0%, up 0.2% on the September quarter 2015 proportion of 77.8%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2016	26 May 2016
June 2016	25 August 2016

REVISIONS

In this issue revisions have been made to the original series as a result of the receipt of revised survey data. These revisions have impacted the assets and liabilities reported back to and including the June 2013 quarter.


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