Turnovers on the money market in the week of 14-18 April 2008
In the week of 14 - 18 April 2008 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 twice a year with participation of all relevant domestic banks trading on the money market.
As compared to October 2007 figures the daily average turnover of deposit operations slightly decreased (from CZK 79.4 bln. to CZK 77.2 bln.). The most significant change in comparison with the last survey was an increase in the volume of the trades with non-residents by 31.5 percent and simultaneous decrease of the trades with residents almost by 37 percent.
The most significant among deposit operations are still deposit operations with the maturity up to 3 months, in particular O/N operations comprising 74 percent share of the total turnover. The longer maturities are traded rarely. Repo operations were not used in the surveyed period.
Derivative transactions IRS (Interest Rate Swap) and FRA (Forward Rate Agreement) rose by 62 and 115 percent, respectively, compared to the last survey when this market segment was surveyed for the first time.