ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

3. Financial risk management (continued)

b) Credit risk (continued)

(ii) Credit quality analysis

The following tables set out information about the credit quality of financial assets measured at amortised cost and FVOCI debt investments without taking into account collateral or other credit enhancement. Unless specifically indicated, for financial assets, the amounts in the table represent gross carrying amounts.

Explanation of the terms ‘Stage 1’, ‘Stage 2’ and ‘Stage 3’ is included in Note 2(g)(ix).

2023

Purchased Credit Impaired

Stage 1 Stage 2 Stage 3

Total

$

$

$

$

$

Foreign Investment Debt Securities at FVOCI

Investment grade

3,990,510,573

-

-

- 3,990,510,573

Gross carrying amount

3,990,510,573

-

-

- 3,990,510,573

Loss allowance (recognised in other comprehensive income)

(919,573)

-

-

-

(919,573)

Carrying amount - fair value

3,990,510,573

-

-

- 3,990,510,573

2022

Purchased Credit Impaired

Stage 1 Stage 2 Stage 3

Total

$

$

$

$

$

Foreign Investment Debt Securities at FVOCI

Investment grade

4,006,973,465

-

-

-

4,006,973,465

Gross carrying amount

4,006,973,465

-

-

-

4,006,973,465

Loss allowance (recognised in other comprehensive income)

(1,146,632)

-

-

-

(1,146,632)

Carrying amount - fair value

4,006,973,465

-

-

-

4,006,973,465

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