ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Notes to Consolidated Financial Statements March 31, 2015

(expressed in Eastern Caribbean dollars) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (expressed in Eastern Caribbean dollars) March 31, 2015

3. Financial risk management … continued e) Liquidity risk …continued Derivative cash flows Financial risk management …continued e) Liquidity risk …continued

3.

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. 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, 2015

Total

Derivatives held for trading (forward contracts) Foreign exchange derivatives - Outflow

(54,816,169) 148,731,690

– (54,816,169) – 148,731,690

- Inflow

0-3 months

3-6 months

At March 31, 2014

Total

Derivatives held for trading (forward contracts) Foreign exchange derivatives - Outflow

(132,561,575)

– (132,561,575)

- Inflow

54,438,735

–

54,438,735

89

ECCB ANNUAL REPORT 2014/2015

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