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)

20. Derivative financial instruments

Foreign currency forward contracts The following is an analysis of the currency forwards held with negative fair value as of 31 March 2024: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ CAD 1,168,700 2,315,439 8 April 2024 13,324 EUR 1,570,800 4,566,469 8 April 2024 5,298 GBP 450,400 1,498,509 8 April 2024 6,675 8,380,417 25,297 Current 25,297 The following is an analysis of the currency forwards held with negative fair value as of 31 March 2023: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ CAD 1,472,400 2,883,784 11 April 2023 50,518 CHF 3,000 8,554 11 April 2023 294 EUR 4,053,100 11,611,365 4 and 11 April 2023 306,718 GBP 1,340,300 4,348,363 11 April 2023 127,837 18,852,066 485,367 Current 485,367

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