Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)

TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)

3 Months Ended

Jun. 30, 2021

TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE

Schedule of trading securities

		June 30, 2021				March 31, 2021

Corporate debt		$	447,283			$	334,763
Non-US sovereign debt			302,086				333,619
Corporate equity			49,920				47,340
US sovereign debt			13,041				10,828
Exchange traded notes			13,034				9,638
Total trading securities		$	825,364			$	736,188

Equity securities		$	1			$	-
Preferred shares			-				1
Total available-for-sale securities, at fair value		$	1			$	1

Schedule of Significant unobservable inputs relevant to determination of fair value

										Fair Value Measurements at March 31, 2021 using
		Weighted Average								Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Units
		Interest Rate				Total				(Level 1)				(Level 2)				(Level 3)

Corporate debt			9.22	%		$	334,763			$	334,403			$	-			$	360
Non-U.S. sovereign debt			8.06	%			333,619				333,619				-				-
Corporate equity			-				47,340				28,630				1				18,709
U.S. sovereign debt			1.68	%			10,828				10,828				-				-
Exchange traded notes			-				9,638				9,638				-				-

Total trading securities						$	736,188			$	717,118			$	1			$	19,069

Equity securities			-			$	1			$	-			$	-			$	1
Total available-for-sale securities, at fair value						$	1			$	-			$	-			$	1

Schedule of investments

Type		Valuation Technique		FV as of June 30, 2021				FV as of March 31, 2021				Significant Unobservable Inputs		%

Corporate equity		DCF		$	18,411			$	18,408			Discount rate			10.6%
												Estimated number of years			9 years
Corporate debt		DCF		$	370			$	360			Discount rate			16.5%
												Estimated number of years			9 years
Corporate equity		DCF		$	365			$	301			Discount rate			18.5%
												Estimated number of years			9 years
Non-US sovereign debt		DCF		$	1,000				-			Discount rate			13.3%
												Estimated number of years			6 months
Non-US sovereign debt		DCF		$	905				-			Discount rate			13.81%
												Estimated number of years			1 year
Total				$	21,051			$	19,069

		Trading securities				Available-for-sale securities
Balance as of March 31, 2021		$	19,069			$	1
Purchase of investments that use Level 3 inputs			1,907				-
Revaluation of investments that use Level 3 inputs			75				-
Balance as of June 30, 2021		$	21,051				1

Balance as of March 31, 2020		$	11,259			$	1
Sale of investments that use Level 3 inputs			(2	)			-
Purchase of investments that use Level 3 inputs			834				-
Revaluation of investments that use Level 3 inputs			6,978				-
Balance as of March 31, 2021		$	19,069			$	1

Fair value of available for sale securities

		June 30, 2021
		Assets measured at amortized cost				Unrealized loss accumulated in other comprehensive income/(loss)				Assets measured at fair value

Equity securities		$	1			$	-			$	1

Balance as of June 30, 2021		$	1			$	-			$	1

		March 31, 2021
		Assets measured at amortized cost				Unrealized loss accumulated in other comprehensive income/(loss)				Assets measured at fair value

Equity securities		$	1			$	-			$	1

Balance as of March 31, 2021		$	1			$	-			$	1