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) 3. Financial risk management …continued b) Credit risk …continued Financial risk management …continued re it risk continued

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

3.

Credit risk exposure relating to off-balance sheet assets is as follows: 2015 $ it i s re relating to of -balance she t as ets is as follows:

2014 $

Eastern Caribbean Securities Exchange Limited undertaking and guarantee

4,874,845

4,874,845

4,118,242,714 3,690,069,013

Total credit exposure

The above table represents a worst case scenario of credit risk exposure as at March 31, 2015 and 2014 without taking account of any collateral held or other credit enhancements attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the consolidated statement of financial position. The above table represents a worst case scenario of credit risk exposure as at March 31, 2015 and 2014 without taking account of any collateral held or other credit enhancements attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the consolidated statement of financial position.

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ECCB ANNUAL REPORT 2014/2015