SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Dec Qtr 2015	Mar Qtr 2016	Dec Qtr 2015 to Mar Qtr 2016
			$m	$m	%
Total assets at end of qtr			135 942	136 140	0.1
of which
	Mortgages
		Residential	112 009	112 694	0.6
		Non-residential	1 776	1 824	2.7
Total liabilities at end of qtr			135 942	136 140	0.1
of which
	Asset backed Securities
		Issued domestically	106 081	105 251	-0.8
		Issued off shore	6 812	6 066	-11.0
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 31 March 2016, total assets of Australian securitisers were $136.1b, up $0.2b (0.1%) on 31 December 2015.

During the March quarter 2016, the increase in total assets was due to an increase in residential mortgage assets (up $0.7b, 0.6%). This was partially offset by a decrease in other assets (down $0.2b, 29.3%) and other long term securities (down $0.1b, 11.0%).

Residential and non-residential mortgage assets, which accounted for 84.1% of total assets, were $114.5b at 31 March 2016, an increase of $0.7b (0.6%) during the quarter.

Liabilities of Securitisers

At 31 March 2016, total liabilities of Australian securitisers were $136.1b, up $0.2b (0.1%) on 31 December 2015. The increase in total liabilities was due to an increase in loan and placements (up $1.9b, 8.5%). This was offset by a decrease in long term asset backed securities issued in Australia (down $1.0b, 1.0%) and asset backed securities issued overseas (down $0.7b, 11.0%).

At 31 March 2016, asset backed securities issued overseas as a proportion of total liabilities decreased to 4.5%, compared to the December quarter 2015 proportion of 5.0%. Asset backed securities issued in Australia as a proportion of total liabilities decreased to 77.3%, compared to the December quarter 2015 proportion of 78.0%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2016	25 August 2016
September 2016	24 November 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 in the December 2015 quarter.


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