Quarterly report pursuant to Section 13 or 15(d)

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

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SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 3 Months Ended
Dec. 31, 2021
Securities Sold under Agreements to Repurchase [Abstract]  
Securities Repurchase Agreement Obligations SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of December 31, 2021, and March 31, 2021, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
December 31, 2021
Interest rates and remaining contractual maturity of the agreements
Average interest rate Up to 30 days 30-90 days Total
Securities sold under repurchase agreements
     
Corporate debt 9.92  % $ 365,625  $ —  $ 365,625 
Non-U.S. sovereign debt 9.84  % 336,383  —  336,383 
US sovereign debt 0.36  % 4,399  —  4,399 
Corporate equity 8.23  % 3,877  —  3,877 
Total $ 710,284  $ —  $ 710,284 
  March 31, 2021
  Interest rate and remaining contractual maturity of the agreements
 
Average interest rate
Up to 30 days 30-90 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 
The fair value of collateral pledged under repurchase agreements as of December 31, 2021, and March 31, 2021, was $711,850 and $426,669, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.