Quarterly report pursuant to Section 13 or 15(d)

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.23.1
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 3 Months Ended
Sep. 30, 2022
Securities Sold under Agreements to Repurchase [Abstract]  
Securities repurchase agreement obligations SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of September 30, 2022, and March 31, 2022, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
September 30, 2022
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 14.48  % $ 508,658  $ 6,286  $ 514,944 
Non-US sovereign debt 13.94  % 464,858  —  464,858 
US sovereign debt 0.80  % 1,388  —  1,388 
Total securities sold under repurchase agreements $ 974,904  $ 6,286  $ 981,190 
 
March 31, 2022 (Recasted)
  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
   
Corporate debt 11.96  % $ 609,405  $ 142  $ 609,547 
Non-US sovereign debt 10.85  % 222,893  —  222,893 
US sovereign debt 0.77  % 7,396  —  7,396 
Corporate equity 14.00  % 388  —  388 
Total securities sold under repurchase agreements $ 840,082  $ 142  $ 840,224 
The fair value of collateral pledged under repurchase agreements as of September 30, 2022, and March 31, 2022, was $989,306 and $834,583, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.