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 Eastern Caribbea Central Bank Notes to Consolidated Financial Statements March 31, 2015 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (expressed in Eastern Caribbean dollars) March 31, 2015 19. Financial liabilities held for trading The following is an analysis of the currency forwards held with negative fair value as of March 31, 2015: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ 19. Financial liabilities held for trading The following is an analysis of the currency forwards held with negative fair value as of March 31, 2015: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ i i l li iliti s l i he following is an analysis of the currency forwards held with negative fair value as of March 31, 2015: 19. (expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)

USD GBP CAD USD GBP CAD

54,688,517 April 01 & 21, 2015 94,764 April 29, 2015 32,888 April 29, 2015 54,688,517 pril 01 & 21, 2015 94,764 pril 29, 2015 32,888 April 29, 2015

1,565,173 1,565,173 982 982 1,566,227 1,566,227 72 72

20,255,006 20,255,006 24,000 15,600 24,000 15,600

54,816,169 54,816,169

Current 1,566,227 The following is an analysis of the currency forwards held with negative fair value as of March 31, 2014: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ Current 1,566,227 The following is an analysis of the currency forwards held with negative fair value as of March 31, 2014: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ he fol o ing is an analysi of the currency forwards held with negative fair v lue s of March 31, 2014:

94,788,764 94,788,764 593,535 May 02, 2014 19,017,914 June 06, 2014 593,535 May 02, 2014 19,017,914 June 06, 2014 15,529,512 April 22 and May 02, 2014 15,529,512 April 22 and May 02, 2014 2,625,762 May 02, 2014 6,088 May 02, 2014 2,625,762 ay 02, 2014 6,088 May 02, 2014 April 22, May 01 and June 6, 2014 April 22, May 01 and June 6, 2014

AUD CAD NZD EUR GBP CHF AU CA NZD EUR GBP CHF

3,568,974 3,568,974 9,885 446,254 157,123 25,689 9,885 446,254 157,123 25,689 4,207,943 4,207,943 4,207,943 4,207,943 18 18

39,450,400 247,000 8,323,000 4,213,100 590,300 39,450,400 247,000 8,323,000 4,213,100 590,300 2,000 2,000

132,561,575 132,561,575

Current Current

117

ECCB ANNUAL REPORT 2014/2015

76 76