[B10] Finance companies and general financiers – selected assets and liabilities

B10 FINANCE COMPANIES AND GENERAL FINANCIERS – SELECTED ASSETS AND LIABILITIES

These data are derived from returns submitted by corporations registered as Category ‘Other’ under the Financial Sector (Collection of Data) Act 2001. Category ‘Other’ includes corporations formerly registered as Category F (Finance Companies), G (General Financiers) and E (Pastoral Finance Companies) under the Financial Corporations Act 1974. Along with Category D (Money Market Corporations), these corporations are known collectively as Registered Financial Corporations (RFCs). RFCs also include securitisers: special-purpose vehicles that issue securities backed by pools of assets (e.g. residential mortgage-backed securities) and conventional finance companies that engage in balance sheet lending.

Coverage of some series changes over time: in recent years aggregates for individual groups have been significantly affected by conversion of non-banks to banks, reclassification between RFC categories and changes to reporting forms. The data are revised retrospectively where required, generally based on revisions by reporting entities and changes in statistical methodology. Data are not adjusted for series breaks.

In the November 2022 release of B10, the following series were discontinued: - Finance companies; Assets; Trading and investment securities; Debt - Finance companies; Assets; Trading and investment securities; Equity

From April 2023, the financial aggregates were revised to remove the effect of lending to warehouse trusts in business credit. Warehouse trusts are revolving credit facilities used by non-bank lenders to fund the origination of loans. Including lending to warehouse trusts in business credit double counts loans from non-banks that are separately recorded in housing or business credit. Total and business credit excluding financial businesses are the longest series available, starting from April 2003. The financial aggregates also include a series of total business credit that excludes loans to warehouse trusts, available from July 2019. Business and total credit that includes lending to warehouse trusts were discontinued as at 30 June 2019. The following series were discontinued as at 30 June 2019: • Finance companies; Assets; Loans and advances; Business (BFCGFALAB) This change will not affect the content of the series. The following series were added to the table, available from April 2003: • Finance companies; Assets; Loans and advances; Business excluding financial businesses (BFCGFALABNF) These series capture credit to non-financial businesses. This includes lending to community service organisations and non-financial businesses.