Eastern Caribbean Central Bank 2024-2025 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2025 (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 2025: Currency sold/ purchased Notional value of contracts Notional value of contracts EC$ equivalent Value date of contracts Fair value of contracts $ EUR 17,464 52,350 1 April 2025 1,292 CAD 682,200 1,275,821 7 April 2025 8,660 EUR 1,725,400 5,008,462 7 April 2025 37,160 GBP 632,200 2,195,167 7 April 2025 13,506 8,531,800 60,618 Current 60,618 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

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