ECCB 2015/2016 Annual Report

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 EASTERN CARIBBEAN CENTRAL BANK

NOTES TO FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2016

(expressed in Eastern Caribbean dollars)

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

3.

Maximum exposure to credit risk before collateral held or other credit enhancements Credit risk exposure relating to on-balance sheet assets is as follows: 2016 $ 2015 $ As at March 31 Assets Foreign assets Balances with other central banks 4,926,288 13,034,602 Balances with foreign banks 77,071 73,225 Money market instruments and money at call 1,736,903,431 1,357,560,282 Financial assets held for trading 245,988 4,495,651 Available-for-sale - foreign investment securities 2,862,778,837 2,539,942,707 4,604,931,615 3,915,106,467 Domestic assets Cash and balances with local banks 3,187,985 2,464,446 Due from local banks - 9,572,418 Term deposits 10,070,538 11,022,652 Loans and receivables - participating governments’ securities 83,912,190 100,225,950 Loans and receivables - participating governments’ advances 55,692,292 67,490,727 Accounts receivable 6,644,699 7,063,523 Available-for-sale - domestic investment securities 421,686 421,686 159,929,390 198,261,402 Total on-balance sheet credit risk 4,764,861,005 4,113,367,869 Maximum exposure to credit risk before collateral held or other credit enhancements Credit risk exposure relating to on-balance sheet assets is as follows:

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ECCB A nnual R eport 2015/2016