SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Sep Qtr 2016	Dec Qtr 2016	Sep Qtr 2016 to Dec Qtr 2016
			$m	$m	%
Total assets at end of qtr			118 548	119 185	0.5
of which
	Mortgages
		Residential	95 680	95 838	0.2
		Non-residential	np	np	np
Total liabilities at end of qtr			118 548	119 185	0.5
of which
	Asset backed Securities
		Issued domestically	103 373	104 030	0.6
		Issued off shore	4 447	4 863	9.4
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 31 December 2016, total assets of Australian securitisers were $119.2b, up $0.6b (0.5%) on 30 September 2016.

During the December quarter 2016, the increase in total assets was primarily due to an increase in cash and deposits (up $0.2b, 5.9%), and residential mortgage assets (up $0.2b, 0.2%).

Liabilities of Securitisers

At 31 December 2016, total liabilities of Australian securitisers were $119.2b, up $0.6b (0.5%) on 30 September 2016. The increase in total liabilities was due to an increase in short term asset backed securities issued in Australia, (up $2.3b, 103.9%) and asset backed securities issued offshore (up $0.4b, 9.4%). This was partially offset by a decrease in long term asset backed debt securities issued in Australia (down $1.6b, 1.6%) and loans and placements (down $0.4b, 3.9%).


CHANGE IN LEVEL OF ASSET BACKED SECURITIES, from previous quarter


At 31 December 2016, asset backed securities issued overseas as a proportion of total liabilities increased to 4.1%, up 0.3% on the September quarter 2016 proportion of 3.8%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 87.3%, up 0.1% on the September quarter 2016 proportion of 87.2%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2017	8 June 2017
June 2017	7 September 2017

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 September 2016 quarter.


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