Financial Performance and Remediation Update
FUNDING COSTS
INDICATIVE TERM WHOLESALE FUNDING ISSUANCE COSTS¹
(bps)
400
300
200
100
0
Sep 18
TERM DEPOSIT PORTFOLIO COSTS²
(bps)
80
70
60
50
40
30
Mar 19
Sep 19
Mar 20
3 yr senior
5 yr senior
-
Sep 20
10yr senior
Mar 21
Sep 21
20
10NC5 Tier 2
Sep 18
Mar 19
Sep 19
Mar 20
Sep 20
Mar 21
Sep 21
DOMESTIC SHORT TERM WHOLESALE FUNDING COSTS³
(bps)
50
40
30
20
10
0
-10
Sep 19
Mar 20
Sep 20
3M Bills-OIS Spread
CASH RATES
(bps)
1
0.8
0.6
0.4
0.2
Mar 21
Sep 21
0
--
- 90 Day Moving Average
Sep 19
Dec 19 Mar 20 Jun 20
―RBA Target Cash Rate
Sep 20
Dec 20 Mar 21
―Interbank Overnight Cash Rate (IOCR)
Jun 21
Sep 21
(1) Indicative Major Bank Wholesale subordinated and senior unsecured funding rates over 3m BBSW using a blend of multi-currency inputs (3 years, 5 years, 10-year non-call 5-year and 10 years)
(2) Management data. Total deposit portfolio cost over relevant market reference rate. Australia only
(3) Spread between 3 month AUD Bank Bill Swap Rate and Overnight Index Swaps (OIS). Source: Bloomberg
97
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Australia
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