Document ID: chunk:federal_register_of_legislation:F2015L01998:body:0:p12
Version: federal_register_of_legislation:F2015L01998
Segment Type: other
Provision Reference: 
Character Range: 35722–39315

holders hence are not the economic owners of underlying assets but the economic owners of the trust while the trustee of the trust remains the legal owner. Unit holders hold an equity position (units) in the trust and would report units in trusts as the primary financial instrument.

Financial instruments

Financial assets and liabilities, as published in ABS macroeconomic statistics, are classified to financial instruments as follows:

    * Monetary gold and Special Drawing Rights (SDRs)
    * Currency
    * Deposits
             + Transferable deposits
             + Other deposits
    * Debt securities
             + Short-term debt securities
         Bills of exchange
         One name paper
         * Long-term debt securities
    * Loans and placements
             +  Short-term loans
             +  Long-term loans
    * Derivatives
    * Shares and other equity
             +  Listed shares and other equities
             +  Unlisted shares and other equities
    * Net equity in reserves
    * Trade credits and advances and other accounts receivable and payable

While some of the categories above are not directly applicable to RSEs, detailed definitions for these financial instruments where appropriate are below. Definitions for financial instruments apply to non-resident and resident institutional units.

Notes and coins        Represents holdings of physical currency.

                       Includes: foreign currencies (included as notes and coins denominated in a foreign currency) and Australian notes and coins (included as notes and coins denominated in Australian dollars).

                       Excludes: bills of exchange (included as short-term debt securities); units in cash management trusts.

Deposits               Represents customers' account balances with institutions regarded as deposit-taking institutions.

                       Includes: account balances with resident banks; account balances with resident other deposit-taking institutions such as credit unions, building societies, merchant banks and registered financial corporations; deposits with non-resident banks (included as non-resident deposits).

                       Excludes: holdings of physical currency (included as holdings of notes and coins); certificates of deposit (included as debt securities).

Transferable deposits  Represents all deposits that are exchangeable for bank notes and coins on demand at par and without penalty or restriction; and are directly usable for making payment by cheque, draft, giro order, direct debit/credit, or other direct payment facility.

Other deposits         Represents all customers' deposits, other than transferable deposits.

                       Includes: savings deposits, fixed-term deposits, non-negotiable certificates of deposit, shares or similar evidence of deposit issued by savings and loan associations, building societies, credit unions etc.

Debt securities             Represents financial instruments that evidence the issuer's promise to repay the principal at face value upon maturity.

                            Includes: bills of exchange, commercial paper and bonds.

Short-term debt securities  Represents debt securities which have an original term to maturity of one year or less.

                            Includes: all short-term securities issued by non-resident; all short-term securities issued by residents such as treasury notes, bills of exchange, inscribed stock, commercial paper and promissory notes issued by an institution (e.g. trading enterprises, central borrowing