| 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.
|