[D4] Debt securities outstanding

D4 DEBT SECURITIES OUTSTANDING

Unless otherwise stated, data on short-term securities include commercial paper and bonds with an initial term to maturity of one year or less, sourced from Austraclear Limited.

Data for short-term securities issued by banks within the ‘banks and other financial corporations’ series also include bank bills and certificates of deposit sourced from APRA. Data prior to July 2000 are averages of weekly figures for the month. From July 2019 onwards, these data sources have been revised to incorporate the improved conceptual framework and a new data collection, known as the Economic and Financial Statistics (EFS) collection.

Quarterly data on asset-backed securities (both short-term and long-term) are consistent with ABS data, which excludes self-securitisations of residential mortgages by ADIs. Where ABS data are not available, these data are estimates calculated by the RBA.

Data on 'Short-term non-government securities issued in Australia – Asset-backed' are not available after March 2021. Similarly, data on 'Long-term non-government securities issued offshore – Asset-backed' are not available after March 2020. The ABS no longer publishes these series.

Data on outstanding bonds issued by other non-government entities are compiled by the RBA from various market sources. The data are broadly consistent with those published by the ABS in the financial accounts. However, the financial accounts data are calculated on a market-value basis, whereas the RBA data are on a face-value basis. The ABS data also include debentures of finance companies, whereas the RBA data do not.

Data on notes and bonds issued by the Australian Government include notes and bonds acquired by the Australian Government. Data are sourced from the ABS and borrowing authorities.

The series of residential mortgage securities includes short-term and long-term securities issued in Australia and offshore. The series of residential mortgage securities in Table D4 is based on quarterly ABS data from ABS Cat No 5232.0.55.001, which excludes self-securitisations of residential mortgages by ADIs. Where ABS data are not available, these data are estimates calculated by the RBA.

Historical data may change due to revisions in underlying data by data providers.