NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2009	24 February 2010
March 2010	26 May 2010

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.


SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)
			Jun Qtr 2009	Sep Qtr 2009	Jun Qtr 2009 to Sep Qtr 2009
			$m	$m	%
Total assets at end of qtr			193 207	174 153	-9.9
of which
	Mortgages
		Residential	136 305	128 899	-5.4
		Non-residential	7 069	5 943	-15.9
Total liabilities at end of qtr			193 207	174 153	-9.9
of which
	Asset backed Securities
		Issued domestically	123 456	111 972	-9.3
		Issued off shore	58 012	49 437	-14.8
(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

At the end of the September quarter 2009, total assets of Australian securitisers were $174.2b, down $19.1b (9.9%) on the June quarter 2009 total. This is the ninth consecutive quarterly fall for the assets of Australian securitisers.

Mortgage assets, which accounted for 77.4% of total assets, were $134.8b at 30 September 2009, a decrease of $8.5b (6.0%) during the quarter.

During the September quarter 2009, the decrease in total assets was due primarily to decreases in residential mortgages (down $7.4b, 5.4%), the holdings of cash and deposits (down $3.5b, 42.8%), the holdings of other assets (down $3.5b, 45.5%) and the holdings of long term securities, asset backed bonds (down $2.1b, 13.4%).

Liabilities of Securitisers

The decrease of $19.1b in total liabilities during the September quarter 2009 was due primarily to decreases in long term asset backed securities issued in Australia (down $10.4b, 10.5%) and asset backed securities issued overseas (down $8.6b, 14.8%). In September quarter 2009 new issues of debt securities have remained low and some securitisers have exited the industry.

Asset backed securities issued overseas as a proportion of total liabilities decreased to 28.4% in the September quarter 2009, down 1.6 percentage points on the June quarter 2009 total.

Asset backed securities issued domestically as a proportion of total liabilities increased to 64.3% in the September quarter 2009, up 0.4 percentage points on the June quarter 2009 total.