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

NOTES TO FINANCIAL STATEMENTS

March 31, 2016

19. Financial liabilities held for trading 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 USD 1,587,407,000 35,668,594 April 4, 2016 2,429,174 113,867,798 6,196,019 Current 6,196,019 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, 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 USD 1,587,407,000 35,668,594 April 4, 2016 2,429,174 113,867,798 6,196,019 Current 6,196,019 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 $ he follo ing is an analysis of the currency forwards held with negative fair value as of March 31, 2016: follo ing is an analysis of the currency forwards held with negative fair value as of March 31, 2015:

19.

USD GBP CAD GBP CAD USD

54,688,517 April 01 & 21, 2016 94,764 April 29, 2016 32,888 April 29, 2016 54,688,517 April 01 & 21, 2016 94,764 April 29, 2016 32,888 April 29, 2016 54,816,169

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

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

54,816,169

Current Current

76 76

112

ECCB A nnual R eport 2015/2016