Turnovers on the money market in the week of 20-24 April 2008
In the week of 20 - 24 April 2009 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 twice a year with participation of all relevant domestic banks trading on the money market.
As compared to October 2008 figures the daily average turnover of deposit operations decreased from CZK 86.6 bln. to CZK 65.5 bln. The most significant change in comparison with the last survey was a reduction in the volume of the trades with O/N maturity driven mostly by decrease in trades among residents (by 46 percent). The volume of longer maturities experienced a huge rise.
The most significant among deposit operations were deposit operations with the maturity up to 1 week (97 percent), in particular O/N operations comprising 82 percent share of the total turnover. The longer maturities and repo operations were traded rarely.
Derivative transactions IRS (Interest Rate Swap) increased by 209 percent. The volume of FRA (Forward Rate Agreement) decreased by one third and remains low.