Turnovers on the money market in the week of 14 - 18 October 2013
In the week of 14 - 18 October 2013 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 2013 figures the daily average turnover of deposit operations decreased from CZK 39.1 bln. to CZK 35.6 bln., which was driven mainly by drop (of 72 percent) in trades with the maturity between O/N and one week. Their share on the total volume decreased from 19 to 6 percent.
The most significant among deposit operations were those with the maturity up to 1 week (97 percent), in particular O/N operations comprising 91 percent share of the total turnover. The volume of repo operations went down in the surveyed period and their share on the total turnover declined from 3.8 to 1.4 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) increased by 80 percent in comparison to July 2013 figures. The FRAs (Forward Rate Agreement) were traded only with non-residents.