ECCB 2016/2017 Annual Report

ECCB ANNUAL REPORT 2016/2017

99

Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2017

3. Financial risk management …continued

b) Credit risk …continued Maximum exposure to credit risk before collateral held or other credit enhancements Credit risk exposure relating to on-balance sheet assets is as follows: 2017 $ 2016 $ As at March 31 Assets Foreign assets Balances with other central banks 11,856,639 4,926,288 Balances with foreign banks 52,855 77,071 Money market instruments and money at call 1,616,346,185 1,736,903,431 Financial assets held for trading 139,184 245,988 Available-for-sale - foreign investment securities 2,939,511,859 2,862,778,837 4,567,906,722 4,604,931,615 Domestic assets Cash and balances with local banks 1,838,469 3,187,985 Due from local banks 21,037,397 - Term deposits 10,059,690 10,070,538 Loans and receivables - participating governments’ securities 73,334,339 83,912,190 Loans and receivables - participating governments’ advances 40,496,304 55,692,292 Accounts receivable 10,022,357 6,644,699 Available-for-sale - domestic investment securities 624,186 421,686 157,412,742 159,929,390 Total on-balance sheet credit risk 4,725,319,464 4,764,861,005