Turnovers on the money market in the week of 15 - 19 October 2012
In the week of 15 - 19 October 2012 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 2012 figures the daily average turnover of deposit operations slightly decreased from CZK 38.6 bln. to CZK 37.9 bln., which was driven mainly by decrease in trades with the O/N maturity.
The most significant among deposit operations were those with the maturity up to 1 week (98 percent), in particular O/N operations comprising 83 percent share of the total turnover. The repo operations went also down and their share on the total turnover decreased from 6.1 to 5.6 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) dropped by 57 percent in comparison to July 2012 figures. This was caused mainly by the decrease in trades with non-residents. FRAs (Forward Rate Agreement) have seen the volume of CZK 700 mio. whereas in July were not traded at all.