| NOTE 3 - CASH AND CASH EQUIVALENTS |
NOTE 3 – CASH AND CASH EQUIVALENTS
As of June 30, 2021, and March 31, 2021, cash and cash equivalents consisted of the following:
|
|
June 30, 2021 |
|
|
March 31, 2021 |
|
|
|
|
|
|
|
|
Securities purchased under reverse repurchase agreements |
|
$ |
174,936 |
|
|
$ |
248,946 |
|
Accounts with stock exchanges |
|
|
156,255 |
|
|
|
98,521 |
|
Current accounts with brokers |
|
|
83,318 |
|
|
|
94,494 |
|
Current account with National Bank (Kazakhstan) |
|
|
69,854 |
|
|
|
36,726 |
|
Current accounts with commercial banks |
|
|
66,046 |
|
|
|
75,903 |
|
Current account with National Settlement Depository (Russia) |
|
|
55,488 |
|
|
|
28,215 |
|
Current accounts in clearing organizations |
|
|
35,898 |
|
|
|
83,194 |
|
Petty cash in bank vault and on hand |
|
|
28,694 |
|
|
|
25,830 |
|
Current account with Central Bank (Russia) |
|
|
3,119 |
|
|
|
6,930 |
|
Current account with Central Depository (Kazakhstan) |
|
|
468 |
|
|
|
69 |
|
Total cash and cash equivalents |
|
$ |
674,076 |
|
|
$ |
698,828 |
|
As of June 30, 2021, and March 31, 2021, 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 June 30, 2021, and March 31, 2021, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:
|
|
June 30, 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 |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate equity |
|
|
2.04 |
% |
|
|
104,727 |
|
|
|
24 |
|
|
|
104,751 |
|
Non-US sovereign debt |
|
|
0.51 |
% |
|
|
49,486 |
|
|
|
5 |
|
|
|
49,491 |
|
Corporate debt |
|
|
2.40 |
% |
|
|
19,078 |
|
|
|
- |
|
|
|
19,078 |
|
US sovereign debt |
|
|
0.35 |
% |
|
|
1,616 |
|
|
|
- |
|
|
|
1,616 |
|
Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
174,907 |
|
|
$ |
29 |
|
|
$ |
174,936 |
|
|
|
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 securities sold under repurchase agreements |
|
|
|
|
|
$ |
248,946 |
|
|
$ |
- |
|
|
$ |
248,946 |
|
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, 2021, and March 31, 2021, was $178,324 and $272,586, respectively.
|