ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 3. Financial risk management …continued b) Credit risk …continued

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2017

Credit risk exposure relating to off-balance sheet assets is as follows: 2017 $

2016 $

Eastern Caribbean Securities Exchange Limited undertaking and guarantee

4,874,845

4,874,845

Total credit exposure 4,730,194,309 4,769,735,850 The above table represents a worst case scenario of credit risk exposure as at March 31, 2017 and 2016 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.