ECCB 2017-2018 Annual Report and Statement of Accounts

105

ECCB ANNUAL REPORT 2017/2018

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (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, 2018

Credit risk exposure relating to off-balance sheet assets is as follows: 2018 $

2017 $

Eastern Caribbean Securities Exchange Limited undertaking and guarantee

4,874,845

4,874,845

Total credit exposure

4,829,294,666

4,730,194,309

The above table represents a worst case scenario of credit risk exposure as at March 31, 2018 and 2017 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.