Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

v3.19.3
Restricted Cash
6 Months Ended
Sep. 30, 2019
Restricted Cash [Abstract]  
Restricted Cash

As of September 30, 2019 and March 31, 2019, the Company’s restricted cash consisted of deferred distribution payments, cash segregated in a special custody account for the exclusive benefit of our brokerage customers and required reserves with the Central Bank of the Russian Federation which represents cash on hand balance requirements. In June 2019 the Company invested the $8,534 held for deferred distribution payments into certain financial instruments. For additional information regarding funds held for deferred distribution payments, see Note 5 - Trading and Available-For-Sale Securities at Fair Value.

 

Restricted cash consisted of:

 

   

  September 30,

2019

   

March 31,

2019

 
             
Brokerage customers’ cash   $ 47,083     $ 28,931  
Guaranty deposits     3,601       732  
Reserve with Central Bank of Russia     493       263  
Deferred distribution payments     -       8,534  
Total restricted cash   $ 51,177     $ 38,460