Turnovers on the money market in the week of 18-22 April 2011
In the week of 18 - 22 April 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 January 2011 figures the daily average turnover of deposit operations decreased from CZK 63.9 bln. to CZK 57.2 bln., which was driven mainly by decrease in O/N trades.
The most significant among deposit operations were those with the maturity up to 1 week (96.3 percent), in particular O/N operations comprising 78.6 percent share of the total turnover. The turnover of repo operations went up and their share on the total turnover increased from 2.7 to 4.1 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) and FRAs (Forward Rate Agreement) dropped compared to the last survey. The volume traded on IRS declined by 70 percent when the most trades (83 percent) were traded with nonresidents. FRAs were not traded at all.