| NOTE 3 - CASH AND CASH EQUIVALENTS |
NOTE 3 - CASH AND CASH EQUIVALENTS
|
|
June 30,
2020
|
|
|
March 31,
2020
|
|
|
|
|
|
|
|
|
Current accounts with brokers |
|
$ |
88,961 |
|
|
$ |
4,051 |
|
Current account with commercial banks |
|
|
41,165 |
|
|
|
14,462 |
|
Accounts with stock exchange |
|
|
26,815 |
|
|
|
14,904 |
|
Current account with National Settlement Depository (Russia) |
|
|
14,154 |
|
|
|
1,348 |
|
Petty cash in bank vault and on hand |
|
|
11,842 |
|
|
|
8,981 |
|
Current account in clearing organizations |
|
|
7,406 |
|
|
|
6,590 |
|
Securities purchased under reverse repurchase agreements |
|
|
6,245 |
|
|
|
9,645 |
|
Current account with Central Bank (Russia) |
|
|
2,331 |
|
|
|
2,726 |
|
Current account with Central Depository (Kazakhstan) |
|
|
384 |
|
|
|
501 |
|
Total cash and cash equivalents |
|
$ |
199,303 |
|
|
$ |
63,208 |
|
As of June 30, 2020 and March 31, 2020, with the exception of funds deposited with a bank in the United States which may qualify for FDIC insurance up to $250,000, cash and cash equivalents were not insured.
As of June 30, 2020 and March 31, 2020, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:
|
|
June 30, 2020 |
|
|
|
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 |
|
|
13.11 |
% |
|
$ |
3,253 |
|
|
$ |
- |
|
|
$ |
3,253 |
|
Corporate debt |
|
|
15.00 |
% |
|
|
- |
|
|
|
168 |
|
|
|
168 |
|
Non-U.S. sovereign debt |
|
|
4.38 |
% |
|
|
2,824 |
|
|
|
- |
|
|
|
2,824 |
|
Total |
|
|
|
|
|
$ |
6,077 |
|
|
$ |
168 |
|
|
$ |
6,245 |
|
|
|
March 31, 2020 |
|
|
|
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 |
|
|
14.08 |
% |
|
$ |
9,212 |
|
|
$ |
15 |
|
|
$ |
9,227 |
|
Corporate debt |
|
|
14.25 |
% |
|
|
108 |
|
|
|
- |
|
|
|
108 |
|
Non-U.S. sovereign debt |
|
|
17.18 |
% |
|
|
53 |
|
|
|
257 |
|
|
|
310 |
|
Total |
|
|
|
|
|
$ |
9,373 |
|
|
$ |
272 |
|
|
$ |
9,645 |
|
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 June 30, 2020 and March 31, 2020, was $7,247 and $10,272, respectively.
|