Turnovers on the money market in the week of 19 - 23 October 2009
In the week of 19 - 23 October 2009 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 July 2009 figures the daily average turnover of deposit operations increased from CZK 53.9 bln. to CZK 61.5 bln., which was driven mainly by increase in trades with O/N maturity.
The most significant among deposit operations were deposit operations with the maturity up to 1 week (96 percent), in particular O/N operations comprising 84 percent share of the total turnover. The turnover of the longer maturities and repo operations went up significantly in relative terms but their share on the total turnover was still marginal.
The turnover of derivative transactions IRS (Interest Rate Swap) remained almost the same (increased by 5 percent compared to the last survey). The volume of FRA (Forward Rate Agreement) happened to decrease by 50 percent.