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Additionally, COFIDE assesses liquidity in the medium and long-term through a structural
analysis of its inflows and outflows of funds in various maturity terms, using as modeling
tools of the static cash flow, dynamic and estimate of liquidity gaps between asset and
liability positions in and off the statement of financial position over a determined term
horizon. This process allows knowing various funding sources, how liquidity needs grow
and what tenors are mismatched. Assets as well as liabilities are considered internal
assumptions for obligations estimated as a result of contingent liabilities, as may also be
guarantee letters or unutilized credit lines. Acknowledging this information, necessary
decisions are made to maintain objective liquidity levels.
The table below presents cash flows payable by COFIDE according to agreed contractual
terms. In the case of liabilities with undetermined maturity, terms are assumed according
to internal assumptions, based on methodological notes from Attachment 16 – Liquidity
for maturity term (table).
Amounts disclosed are cash flows according to terms contracted without discounts and
include their corresponding accrued interests.
Up to
Over 1 up to Over 3 up to
Over
Exposure to liquidity risk
1 month
3 months
12 months
1 year
Total
S/.000
S/.000
S/.000
S/.000
S/.000
Risk of financial position
Liability
Obligations with the public
-
21,051
11,513
-
32,564
Deposits in financial entities and
international financial organizations
37,246
36,169
151,529
-
224,944
Debts and financial obligations
322,776
271,567
1,641,128
7,943,650
10,179,121
Hedging derivatives
1,783
3,566
16,044
128,355
149,748
Accounts payable
4,800
6,096
335
-
11,231
Other liabilities
633
-
492
-
1,125
Total
367,238
338,449
1,821,041
8,072,005
10,598,733
Risk of financial position
Contingent liabilities
-
-
-
553,892
553,892
Total
367,238
338,449
1,821,041
8,625,897
11,152,625
Up to
Over 1 up to Over 3 up to
Over
Exposure to liquidity risk
1 month
3 months
12 months
1 year
Total
S/.000
S/.000
S/.000
S/.000
S/.000
Risk of financial position
Liability
Obligations with the public
4,847
1,767
40,943
-
47,557
Deposits in financial entities and
international financial organizations
-
10,183
185,286
-
195,469
Debts and financial obligations
285,387
381,940
551,491
5,526,908
6,745,726
Hedging derivatives
1,854
3,708
16,682
133,455
155,699
Accounts payable
3,374
5,068
-
-
8,442
Other liabilities
652
-
463
-
1,115
Total
296,114
402,666
794,865
5,660,363
7,154,008
Risk of financial position
Contingent liabilities
-
21,948
18,719
641,745
682,412
Total
296,114
424,614
813,584
6,302,108
7,836,420
2014
2015
Market risk
Market risk is the possibility of losses for variations in conditions of the financial market.
Main variations may be in: i) interest rates, ii) exchange rates, and iii) prices.