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)

c) Market risk (continued)

i)

Interest rate risk (continued) T he Bank’s investments in foreign securities , money market instruments and money at call for which rates vary with market movements, exposed the Bank to cash flow and fair value interest rate risk.

The ta ble 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.

1 to 3 months $

3 months to 1 year $

Non-Interest bearing $

Up to 1 month $

1 to 5 years $

Over 5 years $

Total $

As of 31 March 2023

Financial assets Regional and foreign currencies Balances with other central banks Balances with foreign banks Money market instruments and money at call Foreign investment securities Cash and balances with local banks

- - -

- - -

- - -

- - -

- 137,783,494

137,783,494 17,814,003

- -

17,814,003 1,020,689

1,020,689

881,971,722 56,247,378 85,897,338 178,205,907

177,911,581

-

-

9,062,228

1,125,192,909

946,797,103 2,779,610,225

- -

78,205 3,990,588,778

1,150,207

-

-

-

-

1,150,207

Participating governments’ securities Participating governments’ advances

1,258,546

5,524,107

21,916,338

92,728,578

104,175,104

-

225,602,673

85,744,511 34,398,008

32,059,291

-

-

-

152,201,810

Accounts receivable

7,328

14,997

62,197

93,492

-

3,817,088

3,995,102

Domestic investment securities

-

-

-

-

-

624,186

624,186

1,056,029,652 274,390,397 1,178,746,510 2,872,432,295

104,175,104 170,199,893 5,655,973,851

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