ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars) 3. Financial risk management (continued) b) Credit risk (continued) (ii) Credit quality analysis (continued)

Investment securities and money market instruments and money at call (continued) Money market instruments and money at call

Rated (Moody’s and S&P) Commercial paper, certificate of deposits, term deposits and money at call

2024

2023

$

$

177,342,273 221,761,007 84,657,592 90,180,000 55,130,894 629,071,766 -

109,223,246 309,575,268 135,939,679 212,204,762 262,710,001 9,062,227 1,038,715,183

Aa1 Aa2 Aa3 A1 AA+

A+

Unrated

2024

2023

$

$

98,731,257

Term deposits

85,059,946

Total rated and unrated money market instruments And money at call

727,803,023

1,123,775,129

Participating governments advances Advances are based on Board approved credit allocation limits. Requests for advances by member governments are reviewed to ensure that the amounts are within the approved allocated limits. These approved limits are calculated and assigned to the governments annually. Due from local banks Advances are granted to commercial banks in accordance with Part VIII, Article 31(2) and Part IIa, Article 5B of the ECCB Agreement Act 1983. Under Part VIII, Article 31(2), the borrowing bank must pledge collateral with the Central Bank and can only borrow ninety per cent of the collateral amount pledged. As at 31 March 2024 and 2023, the Bank did not grant any advances to commercial banks; hence, there was no collateral pledged with the ECCB.

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