Turnovers on the money market in the week of 19-23 July 2010
In the week of 19 - 23 July 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 April 2010 figures the daily average turnover of deposit operations increased from CZK 42.9 bln. to CZK 50.2 bln., which was driven mainly by increase in O/N trades among residents.
The most significant among deposit operations were deposit operations with the maturity up to 1 week (98.5 percent), in particular O/N operations comprising 84 percent share of the total turnover. The turnover of repo operations went down and their share on the total turnover decreased from 8.6 to 1.9 percent.
The turnover of derivative transactions IRS (Interest Rate Swap) dropped by 16 percent compared to the last survey. The FRAs (Forward Rate Agreement) were not traded in the reviewed period. Most of the derivative transactions (93 percent) were traded with non-residents.