- In the first quarter of 2019 the聽聽by euro area financial vehicle corporations (FVCs) engaged in securitisation decreased to 鈧�1,449 billion, from 鈧�1,451 billion at the end of the previous quarter.
- 聽by FVCs during the first quarter of 2019 amounted to 鈧�14 billion.
- Euro area FVCs’ holdings of聽聽stood at 鈧�1,259 billion at the end of the first quarter of 2019; the net disposals of securitised loans held by FVCs amounted to 鈧�20 billion.
The outstanding amount of聽聽by euro area FVCs was 鈧�1,449 billion at the end of the first quarter of 2019, 鈧�2 billion lower than at the end of the previous quarter. Over the same period, transactions amounted to a net redemption of 鈧�14 billion. The annual growth rate of debt securities issued, calculated on the basis of transactions, decreased to 1.5% in the first quarter of 2019, from 2.7% in the previous quarter.
Euro area FVCs’ holdings of聽聽鈥� accounting for most of the assets backing the debt securities issued 鈥� decreased to 鈧�1,259 billion at the end of the first quarter of 2019, from 鈧�1,275 billion at the end of the previous quarter, mainly accounted for by net disposals of 鈧�20 billion. Net disposals of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to 鈧�17 billion.
Turning to the borrowing sector of securitised loans,聽聽amounted to 鈧�746 billion at the end of the first quarter of 2019, with a net disposal of 鈧�14 billion during the first quarter of 2019 while聽聽amounted to 鈧�363 billion, with a net disposal of 鈧�5 billion.
Among the other assets of euro area FVCs,聽聽amounted to 鈧�188 billion at the end of the first quarter of 2019, predominantly claims on euro area MFIs (鈧�102 billion). There was a net acquisition of deposits and loan claims during the quarter of 鈧�1 billion.聽聽amounted to 鈧�271 billion at the end of the first quarter 2019, while net acquisitions amounted to 鈧�7 billion.聽聽held by FVCs 鈥� including for example trade, tax and other receivables 鈥� amounted to 鈧�106 billion, with net acquisitions of 鈧�1 billion during the quarter.
