FOREIGN TRADE BANK OF LATIN AMERICA, INC. | CIK:0000890541 | 3

  • Filed: 4/30/2018
  • Entity registrant name: FOREIGN TRADE BANK OF LATIN AMERICA, INC. (CIK: 0000890541)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/890541/000114420418023750/0001144204-18-023750-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/890541/000114420418023750/blx-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutHedgesExplanatory

    Quantitative information on derivative financial instruments held for hedging purposes is as follows:
     
     
     
    December 31, 2017
     
     
     
    Nominal
     
    Carrying amount of the
    hedging instrument
     
    Changes in fair
    value used for
    calculating hedge
     
     
     
    Amount
     
    Asset
     
    Liability
     
    ineffectiveness
     
    Fair value hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Interest rate swaps
     
     
    367,500
     
     
    -
     
     
    (4,361)
     
     
    (2,394)
     
    Cross-currency swaps
     
     
    306,961
     
     
    3,672
     
     
    (30,154)
     
     
    15,900
     
    Cash flow hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Interest rate swaps
     
     
    595,000
     
     
    127
     
     
    (428)
     
     
    995
     
    Cross-currency swaps
     
     
    23,025
     
     
    879
     
     
    -
     
     
    2,132
     
    Foreign exchange forward
     
     
    225,388
     
     
    8,610
     
     
    -
     
     
    11,835
     
    Net investment hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Foreign exchange forward
     
     
    9,243
     
     
    50
     
     
    -
     
     
    181
     
    Total
     
     
    1,527,117
     
     
    13,338
     
     
    (34,943)
     
     
    28,649
     
     
     
     
    December 31, 2016
     
     
     
    Nominal
     
    Carrying amount of the
    hedging instrument
     
    Changes in fair
    value used for
    calculating
     hedge
     
     
     
    Amount
     
    Asset
     
    Liability
     
    ineffectiveness
     
    Fair value hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Interest rate swaps
     
     
    796,202
     
     
    40
     
     
    (2,005)
     
     
    (2,199)
     
    Cross-currency swaps
     
     
    291,065
     
     
    2,561
     
     
    (44,944)
     
     
    (19,316)
     
    Cash flow hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Interest rate swaps
     
     
    752,000
     
     
    323
     
     
    (1,699)
     
     
    696
     
    Cross-currency swaps
     
     
    23,025
     
     
    -
     
     
    (1,254)
     
     
    (1,313)
     
    Foreign exchange forward
     
     
    352,553
     
     
    6,428
     
     
    (9,653)
     
     
    (5,093)
     
    Net investment hedges:
     
     
     
     
     
     
     
     
     
     
     
     
     
    Foreign exchange forward
     
     
    3,780
     
     
    -
     
     
    (131)
     
     
    (415)
     
    Total
     
     
    2,218,625
     
     
    9,352
     
     
    (59,686)
     
     
    (27,640)