118 / 174
(expressed in Eastern Caribbean dollars)
March 31, 2017
Notes to the Financial Statements
March 31, 2017
(expressed in Eastern Caribbean dollars)
40
3. Financial risk management
…
continued
c) Market risk
...continued
i)
Interest rate risk…
continued
As the Bank’s investments in foreign securities are locked in at fixed interest rates, the exposure to cash flow and fair val
ue interest rate risk
is limited to investments in money market instruments and money at call for which rates vary with market movements. As at March 31,
2017, if interest rates were to move by 25 basis points, profit for the year would have been $4.04M (2016: $4.24M) lower or higher.
The table below summarises the Bank’s exposure to interest rate risks. It includes the Bank’s financial instruments, categorised by the
earlier of contractual repricing or maturity dates.
As of March 31, 2017
Up to 1 month
$
1 to 3
months
$
3 months to
1 year
$
1 to 5 years
$
Over 5 years
$
Non-Interest
bearing
$
Total
$
Financial assets
Balances with other central banks
-
-
-
-
- 11,856,639
11,856,639
Balances with foreign banks
-
-
-
-
-
52,855
52,855
Money market instruments and
money at call
694,903,493
497,852,670
423,590,022
-
-
- 1,616,346,185
Financial assets held for trading
139,184
-
-
-
-
-
139,184
Available-for-sale - foreign
investment securities
79,053,402 169,485,710 506,147,477 1,621,199,608 563,625,662
- 2,939,511,859
Balances with local banks
1,838,469
-
-
-
-
-
1,838,469
Due from local banks
21,037,397
-
-
-
-
-
21,037,397
Term deposits - domestic
899,538 1,639,816
7,520,336
-
-
-
10,059,690
Loans and receivables -
participating governments’
securities
-
-
-
1,766,619
71,567,720
-
73,334,339
Loans and receivables -
participating governments’ advances
24,623,144
-
15,873,160
-
-
-
40,496,304
Accounts receivable
15,391
31,124
140,057
431,557
34,000
9,370,228
10,022,357
Available-for-sale - domestic
investment securities
-
-
-
-
-
624,186
624,186
822,510,018
669,009,320
953,271,052
1,623,397,784
635,227,382
21,903,908
4,725,319,464
104
ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
NOTES TO THE FINANCIAL STATEMENTS