Annual report pursuant to Section 13 and 15(d)

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.23.2
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 12 Months Ended
Mar. 31, 2023
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2023 and 2022, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
  March 31, 2023
  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 15.98  % $ 826,196  $ 55,265  $ —  $ 881,461 
Corporate debt 16.07  % 597,559  5,375  —  602,934 
US sovereign debt 1.52  % 17,637  —  —  17,637 
Corporate equity 12.24  % 15,384  —  —  15,384 
Total securities sold under repurchase agreements   $ 1,456,776  $ 60,640  $ —  $ 1,517,416 
March 31, 2022 (Recasted)
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 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 March 31, 2023 and 2022, was $1,519,926 and $834,751, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.