Annual report [Section 13 and 15(d), not S-K Item 405]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.25.1
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 12 Months Ended
Mar. 31, 2025
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2025 and 2024, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
  March 31, 2025
  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
Non-US sovereign debt 15.74  % $ 904,940  $ 2,364  $ 907,304 
Corporate debt 15.95  % 423,572  87,120  510,692 
Corporate equity 3.25  % 447  —  447 
Total securities sold under repurchase agreements   $ 1,328,959  $ 89,484  $ 1,418,443 
March 31, 2024
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
Non-US sovereign debt 13.78  % $ 1,545,080  $ 259,948  $ 1,805,028 
Corporate debt 13.84  % 923,752  14,644  938,396 
US sovereign debt 3.06  % 13,172  —  13,172 
Corporate equity —  % —  —  — 
Total securities sold under repurchase agreements $ 2,482,004  $ 274,592  $ 2,756,596 
The fair value of collateral pledged under repurchase agreements as of March 31, 2025 and 2024, was $1,436,271 and $2,753,601, respectively.
Securities pledged as collateral by the Group under repurchase agreements are liquid trading securities with market quotes and significant trading volume.
As of March 31, 2025 and 2024, securities repurchase agreement obligations included accrued interest in the amount of $4,798 and $11,684, with a weighted average maturity of 10 days and 12 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.