- In second quarter of 2021聽聽by euro area FVCs engaged in securitisation rose to 鈧�1,607 billion, from 鈧�1,595 billion in previous quarter
- 聽by FVCs during second quarter of 2021 amounted to 鈧�17 billion
- Euro area FVCs disposed 鈧�27 billion of聽聽in second quarter of 2021, with outstanding amounts totalling 鈧�1,243 billion
The outstanding amount of聽聽by euro area FVCs was 鈧�1,607 billion at the end of the second quarter of 2021, 鈧�12 billion higher than at the end of the previous quarter. Over the same period, transactions amounted to a net issuance of 鈧�17 billion (see Chart 1). The annual growth rate of debt securities issued, calculated on the basis of transactions, decreased to 3.8% in the second quarter of 2021, from 4.0% 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�1,243 billion at the end of the second quarter of 2021, from 鈧�1,266 billion at the end of the previous quarter. The change was accounted for by both adjustments and net disposals of 鈧�27 billion (see chart 2). Net disposals of securitised loans originated by euro area monetary financial institutions (MFIs) amounted to 鈧�23 billion.
Turning to the borrowing sector of securitised loans,聽聽amounted to 鈧�753 billion at the end of the second quarter of 2021, with a net disposal of 鈧�13 billion during the second quarter of 2021, while聽聽amounted to 鈧�353 billion, with a net disposal of 鈧�13 billion.
Among the other assets of euro area FVCs,聽聽amounted to 鈧�193 billion at the end of the second quarter of 2021, predominantly claims on euro area MFIs (鈧�106 billion). There was also a net acquisition of deposits and loan claims of 鈧�16 billion during the quarter.聽聽amounted to 鈧�413 billion at the end of the second quarter 2021, while net acquisitions amounted to 鈧�12 billion.聽聽held by FVCs 鈥� including for example trade, tax and other receivables 鈥� amounted to 鈧�107 billion, with net acquisitions of 鈧�4 billion during the quarter.
