Annual report pursuant to Section 13 and 15(d)

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.22.1
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 12 Months Ended
Mar. 31, 2022
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2022 and 2021, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
  March 31, 2022
  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 debt 12.07  % $ 566,690  $ 142  $ —  $ 566,832 
Non-US sovereign debt 10.85  % 201,666  —  —  201,666 
US sovereign debt 0.77  % 5,968  —  —  5,968 
Corporate equity 13.54  % 712  —  —  712 
Total securities sold under repurchase agreements   $ 775,036  $ 142  $ —  $ 775,178 
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 
The fair value of collateral pledged under repurchase agreements as of March 31, 2022 and 2021, was $769,627 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.