| Cash and Cash Equivalents |
Cash
and cash equivalents consist of the following:
| |
|
September
30,
2019
|
|
|
March
31,
2019
|
|
| |
|
|
|
|
|
|
| Accounts
with stock exchanges |
|
$ |
24,333 |
|
|
$ |
10,507 |
|
| Current
accounts with commercial banks |
|
|
21,517 |
|
|
|
6,656 |
|
| Securities
purchased under reverse repurchase agreements |
|
|
11,363 |
|
|
|
7,887 |
|
| Petty
cash in bank vault and on hand |
|
|
4,938 |
|
|
|
2,674 |
|
| Current
accounts in clearing organizations |
|
|
4,510 |
|
|
|
5,887 |
|
| Current
account with Central Depository (Kazakhstan) |
|
|
4,202 |
|
|
|
2,693 |
|
| Current
accounts with brokers |
|
|
4,165 |
|
|
|
10,220 |
|
| Current
account with National Settlement Depository (Russia) |
|
|
3,502 |
|
|
|
1,275 |
|
| Current
account with Central Bank (Russia) |
|
|
2,345 |
|
|
|
2,161 |
|
| Total
cash and cash equivalents |
|
$ |
80,875 |
|
|
$ |
49,960 |
|
As
of September 30, 2019 and March 31, 2019, cash and cash equivalents were not insured.
As
of September 30, 2019 and March 31, 2019, the cash and cash equivalents balance included collateralized securities received under
reverse repurchase agreements on the terms presented below:
| |
September
30, 2019 |
| |
Interest
rates and remaining contractual maturity of the agreements |
| |
Average
Interest rate |
|
Up
to 30 days |
|
30-90
days |
|
Total
|
|
Securities
purchased under reverse
repurchase
agreements
|
|
|
|
|
|
|
|
| Corporate
equity |
10.98% |
|
$
9,894 |
|
$ - |
|
$
9,894 |
| Corporate
debt |
12.75% |
|
1,469 |
|
- |
|
1,469 |
| Total |
|
|
$
11,363 |
|
$ - |
|
$
11,363 |
| |
|
March
31, 2019 |
|
| |
|
Interest
rates and remaining contractual maturity of the agreements |
|
| |
|
Average
Interest rate |
|
|
Up
to 30 days |
|
|
30-90
days |
|
|
Total |
|
| Securities
purchased under reverse repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate
equity |
|
|
11.90 |
% |
|
$ |
4,328 |
|
|
$ |
804 |
|
|
$ |
5,132 |
|
| Corporate
debt |
|
|
14.00 |
% |
|
|
120 |
|
|
|
- |
|
|
|
120 |
|
| Non-U.S.
sovereign debt |
|
|
8.25 |
% |
|
|
2,635 |
|
|
|
- |
|
|
|
2,635 |
|
| Total |
|
|
|
|
|
$ |
7,083 |
|
|
$ |
804 |
|
|
$ |
7,887 |
|
The
securities received by the Company as collateral under reverse repurchase agreements are liquid trading securities with market
quotes and significant trading volume. The fair value of collateral received by the Company under reverse repurchase agreements
as of September 30, 2019 and March 31, 2019, was $11,557 and $8,472, respectively.
|