Turnovers on the money market in the week of 15 - 19 October 2007
In the week of 15 - 19 October 2007 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 banks dealing on the Czech money market. Compared to preceding surveys, the latest one has been significantly extended. Deposit operations and repo trades are surveyed in more detailed structure and derivative transactions FRA (Forward Rate Agreement) and IRS (Interest Rate Swap) are monitored newly.
As compared with April 2007 figures the daily average turnover increased (from CZK 59.7 bln. to CZK 79.4 bln.). The most significant change in comparison with the last survey was a one-third increase in the volume of the deposit operations with the maturity up to three months, which was caused mainly by the growth of deposit operations among residents (almost by the 60 percent). The volumes of the deposit trades with the maturity longer than three months and also the repo trades showed high relative changes as compared with the last survey but they are regarded as insignificant due to their small absolute volume.
The most significant on the money market are still deposit operations with the maturity up to 3 months, in particular O/N operations comprising 76 % share of the total turnover. Other instruments are traded rarely.