Turnovers on the money market in the week of 17 - 21 October 2011
In the week of 17 - 21 October 2011 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 2011 figures the daily average turnover of deposit operations increased from CZK 56.2 bln. to CZK 67.5 bln., which was driven mainly by increase in trades with the maturity up to one week with nonresidents.
The most significant among deposit operations were those with the maturity up to 1 week (95.1 percent), in particular O/N operations comprising 78.5 percent share of the total turnover. The turnover of repo operations went up and their share on the total turnover increased from 2.8 to 3.7 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) and FRAs (Forward Rate Agreement) declined compared to the last survey. The volume traded on IRS decreased by 32 percent when the most trades (93,4 percent) were traded with nonresidents. The volume traded on FRAs dropped by 69 percent (the whole reported volume was traded with nonresidents).