Quarterly report [Sections 13 or 15(d)]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.25.2
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 3 Months Ended
Jun. 30, 2025
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of June 30, 2025, and March 31, 2025, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
June 30, 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 15.05  % $ 589,831  $ 1,996  $ 591,827 
Corporate debt 15.71  % 433,583  34,136  467,719 
Corporate equity 13.58  % 10,212  —  10,212 
US sovereign debt 15.75  % 1,029  —  1,029 
Total securities sold under repurchase agreements $ 1,034,655  $ 36,132  $ 1,070,787 
 
March 31, 2025
  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
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 
The fair value of collateral pledged under repurchase agreements as of June 30, 2025, and March 31, 2025, was $1,076,783 and $1,436,271, respectively.
Securities pledged as collateral by the Group under repurchase agreements include trading securities, available-for-sale, and held-to-maturity securities with market quotes and significant trading volume.
As of June 30, 2025 and March 31, 2025, securities repurchase agreement obligations included accrued interest in the amount of $3,062 and $4,798, with a weighted average maturity of 10 days and 10 days, respectively.