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 (continued)

2023

Purchased Credit Impaired

Stage 1 Stage 2 Stage 3

Total

$

$

$

$

$

Money Market Instruments at FVOCI

Investment grade

254,367,980

-

-

-

254,367,980

Gross carrying amount

254,367,980

-

-

-

254,367,980

Loss allowance (recognised in other comprehensive income)

(40,276)

-

-

-

(40,276)

Carrying amount

254,367,980

-

-

-

254,367,980

2022

Purchased Credit Impaired

Stage 1 Stage 2 Stage 3

Total

$

$

$

$

$

Money Market Instruments at FVOCI

Investment grade

369,340,454

-

-

-

369,340,454

Gross carrying amount

369,340,454

-

-

-

369,340,454

Loss allowance (recognised in other comprehensive income)

-

-

-

-

-

Carrying amount

369,340,454

-

-

-

369,340,454

46