Česká národní banka


Terms of Reference

Terms of Reference

Because of the updating of the CNB methodology for including foreign exchange transactions effected by the CNB in the client transactions category, some items have been transferred from the traded spot transactions category to the client transactions category and vice versa.

Traded spot transactions are sales or purchases of foreign currency against CZK effected by the CNB with banks on the foreign exchange market. They are traded on day D with a date of settlement D+2 at maximum.

Traded forward transactions are sales or purchases of foreign currency against CZK effected by the CNB with banks on the foreign exchange market. They are traded on day D in the respective month with a date of settlement longer than D+2.

Unsettled transactions are spot sales or purchases of foreign currency against CZK effected by the CNB with banks on the foreign exchange market. They are traded during the respective month and settled in the following month, i.e. day D falls within the respective month and the date of settlement D+2 within the following month.

Client transactions are spot sales or purchases of foreign currency against CZK effected by the CNB with a CNB client as the counterparty.