Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

PILLAR 3 REPORT
SECURITISATION
Quantitative disclosures
The securitisation exposure tables have been prepared in accordance with the enhanced disclosure requirements
of the revised APS120 (January 2013) and APS330 (January 2012). In particular:
We disclose securitisation exposures held in the Trading book;
We classify our securitisation exposures by facility type and whether the exposure is on or off-balance sheet;
and
We disclose resecuritisation exposures.
Banking book summary of assets securitised by Westpac
This table shows outstanding Banking Book securitisation assets and assets intended to be securitised 1 2 for
Westpac originated assets by underlying asset type. It includes the amount of impaired and past due assets, along
with any losses recognised by the Westpac Group during the current period.
Securitised assets are held in securitisation trusts. Trusts to which assets have been transferred in accordance
with APS120 do not form part of the Level 2 consolidated Group. Self securitisation trusts remain consolidated at
Level 2 and the assets transferred to these trusts are risk weighted in accordance with APS113.
Total outstanding securitised by ADI
Assets
Westpac
31 March 2013 Traditional Synthetic intended to be Impaired Past due recognised
$m Securitisation 2 Securitisation securitised loans assets losses
Residential mortgages 64,883 - - 12 225 2
Credit cards - - - - - -
Auto and equipment finance 1,003 - - 2 - -
Business lending - - - - - -
Investments in ABS - - - - - -
Other - - - - - -
Total 65,886 - - 14 225 2
Total outstanding securitised by ADI
Assets
Westpac
30 September 2012 Traditional Synthetic intended to be Impaired Past due recognised
$m Securitisation 2 Securitisation securitised loans assets losses
Residential mortgages 64,710 - - 9 164 -
Credit cards - - - - - -
Auto and equipment finance - - - - - -
Business lending - - - - - -
Investments in ABS - - - - - -
Other - - - - - -
Total 64,710 - - 9 164 -
Total outstanding securitised by ADI
Assets
Westpac
31 March 2012 Traditional Synthetic intended to be Impaired Past due recognised
$m Securitisation 2 Securitisation securitised loans assets losses
Residential mortgages 54,017 - 1,150 12 182 -
Credit cards - - - - - -
Auto and equipment finance 88 - - 1 1 -
Business lending - - - - - -
Investments in ABS - - - - - -
Other - - - - - -
Total 54,105 - 1,150 13 183 -
1 Represents securitisation activity from the end of the reporting period to the disclosure date of this report.
2 Includes self securitisation assets of $52,778m at 31 March 2013 ($53,140m at 30 September 2012, $42,093m at 31 March 2012).
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