Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Trading Securities (Tables)

Trading Securities (Tables)

3 Months Ended

Jun. 30, 2019

Debt Securities, Trading, and Equity Securities, FV-NI [Abstract]

	June 30, 2019		March 31, 2019

Equity securities	$	98,353	$	105,017
Debt securities		62,668		62,691
Mutual investment funds		-		241
Total trading securities	$	161,021	$	167,949

Assets and liabilities at fair value on a recurring basis

			Fair Value Measurements at
			June 30, 2019 using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	June 30, 2019		(Level 1)		(Level 2)		(Level 3)

Equity securities	$	98,353	$	98,353	$	-	$	-
Debt securities		62,668		62,668		-		-
Total trading securities	$	161,021	$	161,021	$	-	$	-

			Fair Value Measurements at
			March 31, 2019 using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	March 31, 2019		(Level 1)		(Level 2)		(Level 3)

Equity securities	$	105,017	$	105,017	$	-	$	-
Debt securities		62,691		62,187		-		504
Mutual investment funds		241		241		-		-
Total trading securities	$	167,949	$	167,445	$	-	$	504

Type

Valuation Technique

FV as of March 31,

2019

Significant Unobservable Inputs

Corporate bonds

DCF

$ 504

Discount rate

11.3%

The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three months ended June 30, 2019:

	Amount
Balance as of March 31, 2019	$	504

Sale of investments that use Level 3 inputs		(497	)
Foreign currency translation		(7	)

Balance as of June 30, 2019	$	-