SUMMARY COMMENTARY

KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Jun Qtr 2015	Sep Qtr 2015	Jun Qtr 2015 to Sep Qtr 2015
			$m	$m	%
Total assets at end of qtr			140 386	140 254	-0.1
of which
	Mortgages
		Residential	115 475	115 506	-
		Non-residential	2 148	1 878	-12.6
Total liabilities at end of qtr			140 386	140 254	-0.1
of which
	Asset backed Securities
		Issued domestically	108 280	109 079	0.7
		Issued off shore	8 324	7 182	-13.7
- nil or rounded to zero (including null cells)
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At 30 September 2015, total assets of Australian securitisers were $140.3b, down $0.1b (0.1%) on 30 June 2015.

During the September quarter 2015, the decrease in total assets was due to a decrease in cash deposits (down $0.3b, 7.1%) and non-residential mortgage assets (down $0.3b, 12.6%). This was partially offset by increases in other loans (up $0.3, 1.7%) and other assets (up $0.1b, 14.8%).

Residential and non-residential mortgage assets, which accounted for 83.7% of total assets, were $117.4b at 30 September 2015, a decrease of $0.2b (0.1%) during the quarter.

Liabilities of Securitisers

At 30 September 2015, total liabilities of Australian securitisers were $140.3b, down $0.1b (0.1%) on 30 June 2015. The decrease in total liabilities was due to the decrease in asset backed securities issued overseas (down $1.1b, 13.7%). This was offset by an increase in long term asset backed securities issued in Australia (up $0.8b, 0.7%) and loan and placements (up $0.4b, 1.7%).

At 30 September 2015, asset backed securities issued overseas as a proportion of total liabilities decreased to 5.1%, down 0.8% on the June quarter 2015 proportion of 5.9%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 77.8%, up 0.7% on the June quarter 2015 proportion of 77.1%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2015	26 February 2016
March 2016	26 May 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 the June 2015 quarter.


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