Turnovers on the money market in the week of 18 - 22 October 2010
In the week of 18 - 22 October 2010 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 2010 figures the daily average turnover of deposit operations increased from CZK 50.2 bln. to CZK 58.6 bln., which was driven mainly by increase in O/N trades among residents.
The most significant among deposit operations were those with the maturity up to 1 week (97.8 percent), in particular O/N operations comprising 83.5 percent share of the total turnover. The turnover of repo operations went up when their share on the total turnover increased from 1.9 to 4 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) and FRAs (Forward Rate Agreement) grew compared to the last survey. The IRS volume increased by 88 procent, FRA volume returned to the Januar 2010 level (there was no FRA volume traded during two preceding surveys). Most of the derivative transactions (74 percent) were traded with non-residents.