Money market

Money market

Published: 1/2/2015 Modified: 28/1/2016

Data on banks' trade with deposits and concluded repo transactions by maturities and groups of counterparties are reported. Trading amounts and interest rates are reported separately. The data on trading in T-bills of the Ministry of Finance are also reported. Trade with foreign exchange is reported by groups of counterparties for spot transactions.

Money market - archive

Metodologija - en - novčano tržište

Methodology

Published: 15/1/2016

TABLE G7a Interest rates in interbank demand deposit trading 

Table G7a contains weighted monthly averages of credit institutions’ interest rates from direct interbank trading in demand deposits in the reporting month and they do not include direct and repo trading in securities or transactions with other legal and natural persons. The annual averages are calculated as simple averages of the weighted monthly averages. Interest rates are further subdivided according to the maturity period: column 3 O/N (overnight maturity): funds are granted on the same day when the transaction is concluded, while funds are returned on the next working day; column 4 T/N (“TOM/NEXT”): funds are granted on the first working day following the day when the transaction is concluded, while funds are returned on the next working day; column 5 S/N (“SPOT/NEXT”): funds are granted on the second working day following the day when the transaction is concluded, while funds are returned on the next working day; column 6: call money; column 7: maturity of 2 to 6 days, and columns 8 to 11: maturity of 1 week, 2 weeks, 1 month and 3 months.

TABLE G7b Interest rates quoted on the interbank market (ZIBOR) 

Table G7b contains simple monthly averages of daily values of the ZIBOR interest rate index, while annual averages are the simple averages of simple monthly averages. ZIBOR (Zagreb Interbank Offered Rates) indices are the single benchmark interest rates on the Croatian interbank market. The official calculation of ZIBOR by maturity is based on the calculation of the average values of interest rates provided by eight largest Croatian banks published daily on Reuters system at 11 a.m. every working day. Interest rates are further subdivided by the maturity period: column 3 O/N (overnight maturity): funds are granted on the same day when the transaction is concluded, while funds are returned on the next working day; column 4 T/N (“TOM/NEXT”): funds are granted on the first working day following the day when the transaction is concluded, while funds are returned on the next working day; column 5 S/N (“SPOT/NEXT”): funds are granted on the second working day following the day when the transaction is concluded, while funds are returned on the next working day; column 6: maturity of 1 week and columns 7 to 12: maturity of 2 weeks, 1 month, 3 months, 6 months, 9 months and 12 months.

TABLE G11 Banks’ trade with foreign exchange

Data on trade with foreign exchange between banks comprise the spot purchase and sale of foreign exchange in domestic foreign exchange market. Spot transactions are contracted obligations to buy/sell foreign currency within maximally 48 hours.
The transactions are classified by category of participants (legal and natural persons, domestic and foreign banks and the CNB). Sources of data are banks’ reports on trading with foreign exchange, including data on exchange transactions with natural persons conducted by authorised currency exchange offices.
Other Croatian National Bank transactions include foreign exchange sales and purchases on behalf of others.