|
NOTE 12 - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2021 and 2020, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
|
|
March 31, 2021 |
|
|
|
Interest rates and remaining contractual maturity of the agreements |
|
|
|
Average
interest rate
|
|
|
Up to
30 days
|
|
|
30-90
days
|
|
|
Over 90
days
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-US sovereign debt |
|
|
9.28 |
% |
|
$ |
229,812 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
229,812 |
|
Corporate debt |
|
|
9.27 |
% |
|
|
189,337 |
|
|
|
- |
|
|
|
- |
|
|
|
189,337 |
|
Corporate equity |
|
|
3.78 |
% |
|
|
5,757 |
|
|
|
- |
|
|
|
- |
|
|
|
5,757 |
|
US sovereign debt |
|
|
0.40 |
% |
|
|
1,809 |
|
|
|
- |
|
|
|
- |
|
|
|
1,809 |
|
Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
426,715 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
426,715 |
|
|
|
March 31, 2020 |
|
|
|
Interest rates and remaining contractual maturity of the agreements |
|
|
|
Average
interest rate
|
|
|
Up to 30
days
|
|
|
30-90
days
|
|
|
Over 90
days
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate equity |
|
|
12.16 |
% |
|
$ |
20,711 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
20,711 |
|
Corporate debt |
|
|
13.27 |
% |
|
|
15,974 |
|
|
|
- |
|
|
|
- |
|
|
|
15,974 |
|
Non-US sovereign debt |
|
|
13.00 |
% |
|
|
11,519 |
|
|
|
- |
|
|
|
- |
|
|
|
11,519 |
|
Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
48,204 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
48,204 |
|
The fair value of collateral pledged under repurchase agreements as of March 31, 2021 and 2020, was $426,669 and $54,222, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.
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