The ABS released their latest statistics on the asset and liabilities of Australian securitiers to March 2015. We saw a rise in mortgage back securitisation, and a rise in issuance to Australian investors. At 31 March 2015, total assets of Australian securitisers were $140.0b, up $3.5b (2.6%) on 31 December 2014. During the March quarter 2015, the rise in total assets was due to an increase in residential mortgage assets (up $3.1b, 2.8%) and other loans (up $0.9b, 5.9%). This was partially offset by decreases in cash and deposits (down $0.4b, 9.8%). Residential and non-residential mortgage assets, which accounted for 83.1% of total assets, were $116.4b at 31 March 2015, an increase of $3.1b (2.7%) during the quarter. 
At 31 March 2015, total liabilities of Australian securitisers were $140.0b, up $3.5b (2.6%) on 31 December 2014. The rise in total liabilities was due to the increase in long term asset backed securities issued in Australia (up $4.1b, 3.9%) and loans and placements (up $0.7b, 3.5%). This was partially offset by a decrease in short term asset backed securities issued in Australia (down $0.6b, 18.8%) and asset backed securities issued overseas (down $0.3b, 3.2%). At 31 March 2015, asset backed securities issued overseas as a proportion of total liabilities decreased to 6.6%, down 0.4% on the December quarter 2014 proportion of 7.0%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 78.2%, up 0.5% on the December quarter 2014 proportion of 77.7%.
This data relates to all Special Purpose Vehicles (SPVs) which securitise any type of asset (including mortgages, credit card receivables, lease receivables, short and long term debt securities) and which are not regulated or registered with APRA and therefore are not required to report to APRA under the Financial Statistics (Collection of Data) Act. Coverage is limited to those SPVs which are independently rated by a recognised rating agency. Internal securitisation is excluded from this survey. Internal securitisation, also referred to as self-securitisation, is a process in which an originator sells a pool of assets to a related special purpose vehicle (SPV), and the SPV in turn issues debt securities, which are held entirely by the originator. These securities are eligible for use as collateral in repurchase agreements (repos) with the Reserve Bank of Australia (RBA).
Note that 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 2013 quarter.
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