128 / 174
NOTES TO THE FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2017
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
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.
At March 31, 2017
0-3
months
3-6
months
Total
Derivatives held for trading (forward contracts)
Foreign exchange derivatives
- Outflow
(53,496,541)
–
(53,496,541)
- Inflow
45,842,456
–
45,842,456
At March 31, 2016
0-3
months
3-6
months
Total
Derivatives held for trading (forward contracts)
Foreign exchange derivatives
- Outflow
(113,867,798)
–
(113,867,798)
- Inflow
37,955,899
–
37,955,899
114
ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK