ECCB 2025-2026 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2026 (Expressed in Eastern Caribbean dollars)

6. Money market instruments and money at call (continued) Money at call includes cash balances available to the Bank’s money managers and funds held at the United States Federal Reserve Bank for the day-to-day operations of the Bank. These balances earned interest at 0.0% to 4.25% (2025: 0.0% to 5.30%) during the year.

7. Derivative financial instruments

Foreign currency forward contracts Currency forwards represent commitments to purchase foreign currency. These contracts are initially recognised at fair value on the date that a derivative contract is established and are subsequently remeasured at fair value. The following is an analysis of the currency forwards held with positive fair value as at 31 March 2026:

Notional value of contracts

Notional value of contracts EC$ equivalent

Fair value of contracts $

Currency sold /purchased

Value date of contracts

CAD EUR GBP

899,900 949,300 550,600

1,778,582 2,948,438 1,998,716 6,725,736

13 April 2026 13 April 2026 13 April 2026

34,675 7,355 34,693 76,723

The following is an analysis of the currency forwards held with positive fair value as at 31 March 2025:

Notional value of contracts

Notional value of contracts EC$ equivalent

Fair value of contracts $

Currency sold /purchased

Value date of contracts

7 April 2025

2,762 2,762

EUR

773,300

2,264,139 2,264,139

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