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

Quarterly report pursuant to Section 13 or 15(d)

CUSTOMER LIABILITIES

CUSTOMER LIABILITIES

9 Months Ended

Dec. 31, 2024

Contract with Customer, Liability [Abstract]

The Group recognizes customer liabilities associated with deposit funds of its brokerage and bank customers. As of December 31, 2024, and March 31, 2024, customer liabilities consisted of:


	December 31, 2024			March 31, 2024

	Amount		Interest	Amount		Interest
Interest bearing deposits:
Term deposits	$	1,554,503	0.05% - 18.1%	$	1,221,072	0.04% - 17.3%
Total Interest bearing deposits	$	1,554,503		$	1,221,072

Non-interest-bearing deposits:
Brokerage customers	$	1,804,039		$	742,902
Current customer accounts	424,749			309,856
Total non-interest-bearing accounts	$	2,228,788		$	1,052,758

Total customer liabilities	$	3,783,291		$	2,273,830

In accordance with Kazakhstan law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks are required to pay commissions to KDIF on a periodic basis, the amount of which depends on the term deposits and demand deposits received by banks from their customers. Under the agreement, KDIF insures the term deposits and demand deposits up to $38 for each customer. As at December 31, 2024, and March 31, 2024, respectively, the Group had total amounts in excess of insured bank term deposits of $630,771 and $600,972 for all customers.