| NOTE 3 - CASH AND CASH EQUIVALENTS |
NOTE 3 – CASH AND CASH EQUIVALENTS
As of December 31, 2020, and March 31, 2020, cash and cash equivalents consisted of the following:
|
|
December 31,
2020
|
|
|
March 31,
2020
|
|
|
|
|
|
|
|
|
Securities purchased under reverse repurchase agreements |
|
$ |
213,211 |
|
|
$ |
9,645 |
|
Current accounts with brokers |
|
|
94,709 |
|
|
|
4,051 |
|
Current account with National Settlement Depository (Russia) |
|
|
89,489 |
|
|
|
1,348 |
|
Current account with Central Depository (Kazakhstan) |
|
|
75,149 |
|
|
|
501 |
|
Current accounts in clearing organizations |
|
|
47,181 |
|
|
|
6,590 |
|
Current accounts with commercial banks |
|
|
44,852 |
|
|
|
14,462 |
|
Accounts with stock exchanges |
|
|
28,281 |
|
|
|
14,904 |
|
Petty cash in bank vault and on hand |
|
|
24,773 |
|
|
|
8,981 |
|
Current account with Central Bank (Russia) |
|
|
6,927 |
|
|
|
2,726 |
|
|
|
|
|
|
|
|
|
|
Total cash and cash equivalents |
|
$ |
624,572 |
|
|
$ |
63,208 |
|
As of December 31, 2020, and March 31, 2020, with the exception of funds deposited with banks in the United States which may qualify for FDIC insurance up to $250,000, cash and cash equivalents were not insured.
As of December 31, 2020, and March 31, 2020, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:
|
|
December 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 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-U.S. sovereign debt |
|
|
0.89 |
% |
|
$ |
108,654 |
|
|
$ |
28 |
|
|
$ |
108,682 |
|
Corporate equity |
|
|
7.74 |
% |
|
|
58,305 |
|
|
|
- |
|
|
|
58,305 |
|
Corporate debt |
|
|
4.31 |
% |
|
|
46,224 |
|
|
|
- |
|
|
|
46,224 |
|
Total |
|
|
|
|
|
$ |
213,183 |
|
|
$ |
28 |
|
|
$ |
213,211 |
|
|
|
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 December 31, 2020 and March 31, 2020, was $230,312 and $10,272, respectively.
|