Turnovers on the money market in the week of 13 - 17 October 2014
In the week of 13 - 17 October 2014 a regular survey was conducted on the daily average turnovers on the money market. This survey is carried out by the Czech National Bank regularly four times a year – always in January, April, July and October.
As compared to July 2014 figures the daily average turnover of deposit operations decreased from CZK 48.8 bln. to CZK 38.7 bln., which was driven mainly by drop (of 29 percent) in trades up to one week with non-residents. The most significant among deposit operations were those with the maturity up to 1 week (97,5 percent), in particular O/N operations comprising almost 84.5 percent share of the total turnover. The volume of repo operations went up in the surveyed period thus their share on the total turnover increased to 2 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) declined by 40 percent in comparison to July 2014 figures. The FRAs (Forward Rate Agreement) were not traded in the surveyed period.