Turnovers on the money market in the week of 19 - 23 April 2010
In the week of 19 - 23 April 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 January 2010 figures the daily average turnover of deposit operations decreased from CZK 51.7 bln. to CZK 42.9 bln., which was driven mainly by decrease in O/N trades with nonresidents.
The most significant among deposit operations were deposit operations with the maturity up to 1 week (97 percent), in particular O/N operations comprising 84 percent share of the total turnover. The turnover of repo operations went up significantly and their share on the total turnover grew from 2.4 to 8.6 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) dropped by 51 percent compared to the last survey. The FRAs (Forward Rate Agreement) were not traded in the reviewed period. Most of the derivative transactions (97 percent of the volume) was traded with non-residents.