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ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
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)
19. Financial liabilities held for trading
The following is an analysis of the currency forwards held with negative fair value as of March 31,
2017:
Currency
sold/
purchased
Notional value
of contracts
Notional value
of contracts
EC$ equivalent Value date of contracts
Fair value of
contracts
$
CAD
532,300
1,070,474
April 17, 2017
6,496
CHF
2,000
5,395
April 17, 2017
6
EUR
17,366,100
49,536,561
April 17, May 11 & June 6
2017
660,541
GBP
812,700
2,706,183
April 17, 2017
32,559
USD
65,627
177,192
April 3, 2017
1,801
53,495,805
701,403
Current
701,403
The following is an analysis of the currency forwards held with negative fair value as of March 31,
2016:
Currency
sold/
purchased
Notional value
of contracts
Notional value
of contracts
EC$ equivalent Value date of contracts
Fair value of
contracts
$
AUD
15,711,300
42,420,510 April 12, 2016
2,596,374
CAD
448,300
1,210,410 April 25, 2016
18,165
EUR
12,395,068
33,466,684 April 18 & 25, June 1, 2016
1,107,385
GBP
408,000
1,101,600 April 25, 2016
44,921
JPY
1,587,407,000
35,668,594 April 4, 2016
2,429,174
113,867,798
6,196,019
Current
6,196,019