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:
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.