Quarterly report pursuant to Section 13 or 15(d)

Securities Repurchase Agreement Obligations

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Securities Repurchase Agreement Obligations
 3 Months Ended
Jun. 30, 2019
Securities Sold under Agreements to Repurchase [Abstract]  
Securities Repurchase Agreement Obligations

As of June 30, 2019 and March 31, 2019, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

 

    June 30, 2019  
    Interest rates and remaining contractual maturity of the agreements  
    Average interest rate     Up to 30 days     30-90 days     Over 90 days     Total  
Securities sold under repurchase agreements                              
Corporate equity     12.26 %   $ 34,258     $ -     $ -     $ 34,258  
Corporate debt     10.36 %     12,175       -       -       12,175  
Non-US sovereign debt     8.72 %     10,133       -       -       10,133  
Total securities sold under repurchase agreements           $ 56,566     $ -     $ -     $ 56,566  

 

    March 31, 2019  
    Interest rate and remaining contractual maturity of the agreements  
    Average interest rate     Up to 30 days     30-90 days     Over 90 days     Total  
                               
Securities sold under repurchase agreements                              
Corporate equity     12.06 %   $ 49,048     $ -     $ 2,146     $ 51,194  
Corporate debt     10.38 %     13,548       -       -       13,548  
Non-US sovereign debt     8.62 %     8,879       -       -       8,879  
Total securities sold under repurchase agreements           $ 71,475     $ -     $ 2,146     $ 73,621  

 

The fair value of collateral pledged under repurchase agreements as of June 30, 2019 and March 31, 2019, was $75,621 and $105,842, respectively.

 

Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.