Turnovers on the money market in the week of 14 - 18 July 2014
In the week of 14 - 18 July 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 April 2014 figures the daily average turnover of deposit operations increased from CZK 43.1 bln. to CZK 48.8 bln., which was driven mainly by growth (of 24.6 percent) in O/N trades with non-residents. The most significant among deposit operations were those with the maturity up to 1 week (98 percent), in particular O/N operations comprising almost 84.5 percent share of the total turnover. The volume of repo operations went slightly up in the surveyed period thus their share on the total turnover remained about 1 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) trippled in comparison to April 2014 figures. The FRAs (Forward Rate Agreement) were traded only with non-residents.