ECCB 2017-2018 Annual Report and Statement of Accounts

109

ECCB ANNUAL REPORT 2017/2018

Total $

Financial assets Balances with other central banks - - - - - 6,223,088 6,223,088 Balances with foreign banks - - - - - 64,548 64,548 Money market instruments and money at call 748,046,508 346,606,717 414,191,605 - - - 1,508,844,830

Financial assets held for trading 656,871 - - - - - 656,871 Available-for-sale - foreign investment securities 40,752,540 267,561,670 345,458,136 1,992,315,309 511,579,744 - 3,157,667,399 Balances with local banks 3,221,502 - - - - - 3,221,502 Term deposits - domestic 816,878 1,541,490 5,390,060 - - - 7,748,428 Loans and receivables - 5,280,307 10,799,938 8,003,172 30,569,192 28,537,319 - 83,189,928 22,493,593 - 20,836,778 - - - 43,330,371

42 Accounts receivable 15,391 31,124 140,057 278,409 30,111 12,353,578 12,848,670 Available-for-sale - domestic investment securities - - - - - 624,186 624,186 821,283,590 626,540,939 794,019,808 2,023,162,910 540,147,174 19,265,400 4,824,419,821

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS (expressed in Eastern Caribbean dollars) March 31, 2018 Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (expressed in Eastern Caribbean dollars) 3. Financial risk management …continued c) Market risk ...continued Up to 1 month $ 1 to 3 months $ 3 months to 1 year $ 1 to 5 years $ Over 5 years $ Non-Interest bearing $

i) Interest rate risk…continued As the Bank’s investments in foreign securities are locked in at fixed interest rates, the exposure to cash flow and fair value interest rate risk is limited to investments in money market instruments and money at call for which rates vary with market movements. As at March 31, 2018, if interest rates were to move by 25 basis points, profit for the year would have been $3.77M (2017: $4.04M) lower or higher. The table below summarises the Bank’s exposure to interest rate risks. It includes the Bank’s financial instruments, categorised by the earlier of contractual repricing or maturity dates. As of March 31, 2018 participating governments’ securities Loans and receivables - participating governments’ advances