Non-deposit taking finance companies: Funding and claims by sector ($m) - T34

Released
09 May 2017 03:00 p.m.
Next release
31 July 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Previous years: Quarterly:
Mar 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017
D1 Funding
D1.1 Agriculture 21 38 1 1 2 2
D1.16 Finance 1,467 2,224 2,275 2,336 2,402 2,594
D1.19 Property 78 96 96 96 96 96
D1.20 General Government 814 814 814 814 814 814
D1.27 Household 78 91 96 97 99 99
D1.28 Non-resident 3,116 2,262 2,244 2,407 2,563 2,492
D1.29 Unallocated 875 614 645 589 579 608
D1.30 Total 6,449 6,139 6,172 6,340 6,555 6,705
Counterpart funding to securitised household lending included in Claims D2.25 and D2.261 1,035 796 782 811 838 839
D2 Claims
D2.1 Agriculture2 178 171 165 172 170 162
D2.16 Finance - excluding registered banks 27 17 17 19 20 21
D2.17 Finance - registered banks 399 990 929 179 166 188
D2.19 Property 478 606 590 596 608 607
D2.20 Local Authorities 2 7 8 8 1 2
D2.25 Household - housing2 921 701 738 790 849 884
D2.26 Household - consumer2 2,782 2,844 2,840 2,867 2,961 3,064
D2.28 Non-residents 12 304 388 426 480 482
D2.29 All other business 3,177 3,067 3,028 2,971 2,997 2,965
D2.30 Total, excluding securitised household lending in D2.25 and D2.26 6,940 7,910 7,920 7,217 7,414 7,557
Total sector lending
Agriculture2 178 171 165 172 170 162
Business2 3,654 3,673 3,618 3,567 3,605 3,572
Housing2 921 701 738 790 849 884
Consumer2 2,782 2,844 2,840 2,867 2,961 3,064
  1. Securitised household lending (consumer and residential mortgage receivables) includes both lending that is backed by securities and loans funded by 'warehouse' operations, awaiting securitisation. See survey notes for more details.
  2. A list of series breaks for Household Funding and Sector Lending are available in the background notes.

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Since December 2004, the Bank has conducted a quarterly survey of non-bank financial institutions (NBLIs) NBLIs are financial institutions with total assets of $5m or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Non-deposit-taking finance companies (NDTFCs) are NBLIs that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from 'wholesale' financial markets or from parent companies.

Data is sourced from the Non-Bank Standard Statistical Return (SSR).

Figures are aggregates of each data cell of the actual survey templates. Data are in millions of New Zealand dollars and are collected as at the last business day of the quarter.

There are aggregates for NBLIs classified as savings institutions, deposit taking finance companies and non-deposit taking finance companies, as well as the all NBLIs.

The assets and liabilities summary present a summarised balance sheet, excluding securitised loan assets and counterpart funding. Funding and claims are broken down by maturity or sector.

Balance sheet figures reported by the surveyed financial institutions conform to generally accepted accounting practice adopted by the institutions. In particular, values may be at book or ‘marked to market’ according to appropriate practice for the instruments involved.

Where possible the resident/non-resident distinction in these tables is based on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting however, the New Zealand income tax rules on residency are accepted as an approximation, and are the predominant definition.

Periodicity

Quarterly, as at the last business day.

Timeliness

On or before the last business day of the month after the end of the reference quarter.

Access by the public

Advance release calendar

The “Statistics Release Calendar” is also updated and released each Friday on the website. This is a long-term plan of scheduled releases.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a ‘special note’.

Any major changes in methodology are posted on the website as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

An Excel Template is completed and returned each quarter by NBLIs.

Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness

Deposit-taking finance companies and savings institutions provide prospectus disclosure annually, in addition to statutory reports, which enable checks for reasonableness.

Series Breaks

Series breaks occur when NBLI data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series comparison (e.g. simultaneous repayment of loans to one funder to be replaced by another, a change in business practice).

Non-deposit-taking finance companies

Series breaks

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Agriculture

Business

Housing

Consumer

May 16


-39

 


-39


Sep 15




57


62


Sep 12

10

33




233


Dec 09

83

Jun 09

718

1,158

Mar 09

56

Sep 08

104

104

Mar 08

9

284

32

Sep 06

-555

Series breaks last updated: 29 July 2016

Non-deposit-taking finance companies are non-bank lending institutions that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from 'wholesale' financial markets or from parent companies.

D1-2 Funding and claims

D1 is a sectoral breakdown of A1.5, NZD funding in table T31, and D2 is a sectoral breakdown of A10.7, NZD claims in table T31.

The sectors are defined by the ANZSIC code. The sectors defined here represent a two digit classification, with the addition of household and non-resident sectors (not in the ANZSIC code).

The ANZSIC code is allocated to institutions on the basis of the activity in which a majority of full-time equivalent employees are engaged. It is the activity of the customer, not purpose of the loan that drives classification. For example, a company whose principal business is timber milling, but has a trucking division and borrows to buy trucks, should still have the truck loan entered against its timber milling ANZSIC number, 2311, because this is a customer classification.

D1.16 & D2.16 Finance

This sector includes deposits from, and loans to, ‘financial institutions'.

The exception is paper bought that represents a secondary claim on the household sector. Non-bank lending institutions may buy paper such as mortgage backed securities and short-term asset-backed paper for consumer durables issued by other primary lenders. We do not want this paper classified in D2.25 or D2.26, but want it to remain in Finance, along with loans to and claims on financial institutions excluding registered banks

D2.25 Household - housing

This sector includes all residential mortgage loans to personal customers. ‘Lifestyle' loans on farmlets are classified housing or farming according to the category used by non-bank lending institution. It excludes business lending secured on a residential property.

D2.26 Household - consumer

This sector includes loans, whether or not secured by mortgage, which have been separately identified as being for personal customers, but are not housing – e.g. boat or car purchase, travel etc., and all credit card lending.

D1-2.28 Non-residents

A non-resident withholding tax (NRWT) ‘flag' is used to non-residents. The tax definition is used for convenience - it is not ideal for monetary policy data. The ideal relates to the location of the customer, to accord with international conventions used for balance of payments and other cross-border data collection purposes. Therefore, entities that are clearly located overseas, (but are classed as New Zealand residents for tax purposes), are treated as non-residents if their transactions are usually separately identified as ‘non-resident'. Companies incorporated in New Zealand are regarded as New Zealand residents.

These totals are the same as A1.3 for funding and A10.5 for claims in table T31.

The Reserve Bank has commenced a review of the statistical reporting of non-bank entities. The suite of non-bank statistics currently includes the following tables:

During the initial review phase we have identified that these tables are rarely used. We plan to discontinue the release of these tables from July 2017. The data will still be available for users on request. Please email your request to stats-info@rbnz.govt.nz.

This change initiative is part of a comprehensive review of statistical reporting of non-bank entities. We are reviewing the reporting to create more coherent and comparable statistics, which are better aligned with international standards. We currently plan to complete the review in 2018 and expect further changes to non-bank statistics. 

We invite your feedback on user requirements for non-bank statistics.

Please email your comments to
stats-info@rbnz.govt.nz.

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
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