Turnovers on the money market in the week of 20 - 24 July 2009
In the week of 20 - 24 July 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, will be newly carried out by the Czech National Bank regularly four times a year – always in January, April, July and October.
As compared to April 2009 figures the daily average turnover of deposit operations decreased from CZK 65.5 bln. to CZK 53.9 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 36 percent).
The most significant among deposit operations were deposit operations with the maturity up to 1 week (98.6 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 27 percent. The volume of FRA (Forward Rate Agreement) strongly increased by 250 percent.