ECCB 2017-2018 Annual Report and Statement of Accounts

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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)

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2018

19. Financial liabilities held for trading The following is an analysis of the currency forwards held with negative fair value as of March 31, 2018: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ CAD 718,0000 1,485,547 April 16, 2018 17,637 EUR 14,440,000 48,134,093 April 16 & June 14, 2018 146,784 GBP 1,164,900 4,372,398 April 16, 2018 54,664 USD 567 5,152 April 3, 2018 45 53,997,190 219,130 Current 219,130 The following is an analysis of the currency forwards held with negative fair value as of March 31, 2017: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ CAD 532,300 1,070,474 April 17, 2017 6,496 CHF 2,000 5,395 April 17, 2017 6 EUR 17,366,100 49,536,561 April 17, May 11 & June 6 2017 660,541 GBP 812,700 2,706,183 April 17, 2017 32,559 USD 65,627 177,192 April 3, 2017 1,801 53,495,805 701,403 Current 701,403