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

Quarterly report pursuant to Section 13 or 15(d)

3. CASH AND CASH EQUIVALENTS

3. CASH AND CASH EQUIVALENTS	6 Months Ended
Sep. 30, 2014
Notes to Financial Statements
CASH AND CASH EQUIVALENTS	As of September 30, 2014 and March 31, 2014 cash and cash equivalents included deposits in U.S. banks in the amount of $8,583,192 and $8,587,245, respectively. The Company’s deposits in U.S. banks are in non-FDIC insured accounts which means they are not insured to the $250,000 FDIC insurance limit.

3. CASH AND CASH EQUIVALENTS

6 Months Ended

Sep. 30, 2014

As of September 30, 2014 and March 31, 2014 cash and cash equivalents included deposits in U.S. banks in the amount of $8,583,192 and $8,587,245, respectively. The Company’s deposits in U.S. banks are in non-FDIC insured accounts which means they are not insured to the $250,000 FDIC insurance limit.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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