ECCB 2016/2017 Annual Report

114

ECCB ANNUAL REPORT 2016/2017

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 3. Financial risk management … continued e) Liquidity risk …continued Derivative cash flows

NOTES TO THE FINANCIAL STATEMENTS EASTERN CARIBBEAN CENTRAL BANK

March 31, 2017

The following table shows the derivative financial instruments (forward contracts) that will be settled on a gross basis into relevant maturity groupings based on the remaining period at the statement of financial position date to the contractual maturity date. The amounts disclosed in the table are contractual undiscounted cash flows.

0-3 months

3-6 months

At March 31, 2017

Total

Derivatives held for trading (forward contracts)

Foreign exchange derivatives - Outflow

(53,496,541) 45,842,456

– –

(53,496,541) 45,842,456

- Inflow

0-3 months

3-6 months

At March 31, 2016

Total

Derivatives held for trading (forward contracts)

Foreign exchange derivatives - Outflow

(113,867,798)

– (113,867,798)

- Inflow

37,955,899

–

37,955,899