Turnovers on the money market in the week of 18 - 22 January 2010
In the week of 18 - 22 January 2010 a regular survey was conducted on the daily average turnovers on the money market. This survey, with participation of all relevant domestic banks trading on the money market, is carried out by the Czech National Bank regularly four times a year – always in January, April, July and October.
As compared to October 2009 figures the daily average turnover of deposit operations decreased from CZK 61.5 bln. to CZK 51.7 bln., which was driven mainly by decrease in trades with O/N maturity.
The most significant among deposit operations were deposit operations with the maturity up to 1 week (98 percent), in particular O/N operations comprising 86 percent share of the total turnover. The turnover of repo operations went up significantly in relative terms but their share on the total turnover was still marginal (2.4 percent).
The turnover of derivative transactions IRS (Interest Rate Swap) grew by 36 percent compared to the last survey. The volume of FRA (Forward Rate Agreement) happened to increase by 18 percent. Most of the derivative transactions (93 % percent of the volume) was traded with non-residents.