ECCB 2015/2016 Annual Report

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) EASTERN CARIBBEAN CENTRAL BANK (express d in Eastern Caribbean dollars)

NOTES TO FINANCIAL STATEMENTS

March 31, 2016

5. Money market instruments and money at call … continued

5.

2016 $

2015 $

By financial instrument type

Money market instruments maturing in less than ninety days: Money at call

660,388,697 445,261,776 184,351,593

686,165,930 559,724,959 233,441,181

Term deposits Commercial paper

Included in cash and cash equivalents (note 24)

1,290,002,066

1,479,332,070

Money market instruments maturing after ninety days: Commercial paper

67,441,586

148,080,607 68,606,654 40,500,168

Term deposits

– –

Certificate of deposits

67,441,586

257,187,429

Interest receivable

116,630

383,932

1,357,560,282

Total money market instruments and money at call

1,736,903,431

Money market instruments include commercial paper purchased at discounts, term deposits and certificate of deposits with interest rates ranging from 0.01% to 0.91% (2015: 0.05% to 0.45%). Money at call includes cash balances available to the Bank’s money managers and funds held at the United States Federal Reserve Bank for the day to day operations of the Bank. These balances earned interest at rates ranging from 0.00% to 0.37% (2015: 0.00% to 0.13%) during the year. Money market instruments include commercial paper purchased at discounts, term deposits and certificate of deposits with interest rates ranging from 0.01% to 0.91 (2015: 0.05% to 0.45%). oney at call includes cash balances available to the ank’s oney anagers and funds held at the ited tates ederal eser e a k f r t e a t r ti s f t . s l s r i t r st t t i . to 0.37 (2015: 0. 0% to 0.13%) during the year.

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ECCB A nnual R eport 2015/2016