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)

d) Liquidity risk (continued)

Derivative cash flows

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.

At 31 March 2023

Derivatives (Currency forwards)

0-3 Months $

3-6 Months $

Total $

Foreign exchange derivatives - Outflow

(18,852,066)

- -

(18,852,066)

- Inflow

-

-

At 31 March 2022

Derivatives (Currency forwards)

0-3 Months $

3-6 Months $

Total $

Foreign exchange derivatives - Outflow

(20,226,282)

- (20,226,282)

- Inflow

3,863,372

-

3,863,372

At 31 March 2022

Derivatives (TBA forward contracts)

0-3 Months $

3-6 Months $

Total $

Foreign exchange derivatives - Outflow

(76,012,552)

- (76,012,552)

- Inflow

6,971,570

-

6,971,570

72