Annual report pursuant to Section 13 and 15(d)

CASH AND CASH EQUIVALENTS

v3.21.1
CASH AND CASH EQUIVALENTS
12 Months Ended
Mar. 31, 2021
CASH AND CASH EQUIVALENTS  
NOTE 3 - CASH AND CASH EQUIVALENTS

NOTE 3 - CASH AND CASH EQUIVALENTS

 

 

 

March 31, 2021

 

 

March 31, 2020

 

 

 

 

 

 

 

 

Securities purchased under reverse repurchase agreements

 

$ 248,946

 

 

$ 9,645

 

Accounts with stock exchange

 

 

98,521

 

 

 

14,904

 

Current accounts with brokers

 

 

94,494

 

 

 

4,051

 

Current account in clearing organizations

 

 

83,194

 

 

 

6,590

 

Current account with commercial banks

 

 

75,903

 

 

 

14,462

 

Current account with National Bank (Kazakhstan)

 

 

36,726

 

 

 

-

 

Current account with National Settlement Depository (Russia)

 

 

28,215

 

 

 

1,348

 

Petty cash in bank vault and on hand

 

 

25,830

 

 

 

8,981

 

Current account with Central Bank (Russia)

 

 

6,930

 

 

 

2,726

 

Current account with Central Depository (Kazakhstan)

 

 

69

 

 

 

501

 

 

 

 

 

 

 

 

 

 

Total cash and cash equivalents

 

$ 698,828

 

 

$ 63,208

 

As of March 31, 2021 and 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 March 31, 2021 and 2020, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:

 

 

 

March 31, 2021

 

 

 

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-US sovereign debt

 

 

1.07 %

 

$ 101,258

 

 

$ -

 

 

$ 101,258

 

Corporate debt

 

 

4.42 %

 

 

94,562

 

 

 

-

 

 

 

94,562

 

Corporate equity

 

 

2.76 %

 

 

51,564

 

 

 

-

 

 

 

51,564

 

US sovereign debt

 

 

0.50 %

 

 

1,562

 

 

 

-

 

 

 

1,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

$ 248,946

 

 

$ -

 

 

$ 248,946

 

 

 

 

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-US 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 March 31, 2021 and 2020, was $272,586 and $10,272, respectively.