Quarterly report pursuant to Section 13 or 15(d)

Cash and Cash Equivalents

v3.19.3.a.u2
Cash and Cash Equivalents
9 Months Ended
Dec. 31, 2019
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

 

   

December 31,

2019

   

 March 31,

2019

 
             
Securities purchased under reverse repurchase agreements   $ 21,578     $ 7,887  
Accounts with stock exchanges     21,062       10,507  
Current accounts with commercial banks     17,689       6,656  
Current accounts in clearing organizations     14,088       5,887  
Petty cash in bank vault and on hand     6,802       2,674  
Current account with Central Bank (Russia)     5,948       2,161  
Current account with Central Depository (Kazakhstan)     2,834       2,693  
Current accounts with brokers     1,862       10,220  
Current account with National Settlement Depository (Russia)     1,790       1,275  
Total cash and cash equivalents   $ 93,653     $ 49,960  

 

As of December 31, 2019 and March 31, 2019, cash and cash equivalents were not insured.

 

As of December 31, 2019 and March 31, 2019, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:

 

 

    December 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     12.95 %   $ 20,006     $ -     $ 20,006  
Non-US sovereign debt     9.96 %     1,336       -       1,336  
Corporate debt     10.50 %     236       -       236  
Total           $ 21,578     $ -     $ 21,578  

 

    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 December 31, 2019 and March 31, 2019, was $23,600 and $8,472, respectively.