ECCB 2015/2016 Annual Report

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016

NOTES TO FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2016

(expressed in Eastern Caribbean dollars)

3.

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

b)

ti

Credit risk exposure relating to off-balance sheet assets is as follows: 2016 $ redit risk exposure relating to off-balance sheet assets is as follows:

2015 $

Eastern Caribbean Securities Exchange Limited undertaking and guarantee

4,874,845

4,874,845

Total credit exposure 4,769,735,850 4,118,242,714 The above table represents a worst case scenario of credit risk exposure as at March 31, 2016 and 2015 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 statement of financial position. The above table represents a worst case scenario of credit risk exposure as at March 31, 2016 and 2015 without taking account of any colla eral held or other credit e hanceme ts attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the statement of financial position.

69

69

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ECCB A nnual R eport 2015/2016