ECCB 2017-2018 Annual Report and Statement of Accounts

119

ECCB ANNUAL REPORT 2017/2018

Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (expressed in Eastern Caribbean dollars) 3. Financial risk management …continued e) Liquidity risk …continued Derivative cash flows (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2018

The following table shows the derivative financial instruments (forward contracts) that will be settled on a gross basis into relevant maturity groupings based on the remaining period at the statement of financial position date to the contractual maturity date. The amounts disclosed in the table are contractual undiscounted cash flows.

0-3 months

3-6 months

At March 31, 2018

Total

Derivatives held for trading (forward contracts)

Foreign exchange derivatives - Outflow

(53,997,190) 45,277,427

- (53,997,190) - 45,277,427

- Inflow

0-3 months

3-6 months

At March 31, 2017

Total

Derivatives held for trading (forward contracts)

Foreign exchange derivatives - Outflow

(53,496,541) 45,842,456

- (53,496,541) - 45,842,456

- Inflow